$INJ /USDT just went through a sharp momentum shift on the 15-minute chart.
Price is trading around 5.27 after a steep selloff from the 5.80 high, printing a clear impulsive bearish leg before finding support near 5.16. That low acted as a short-term demand zone, triggering a modest bounce, but recovery strength remains limited.
All key moving averages are stacked bearishly. MA(7) at 5.28 is acting as immediate pressure, while MA(25) at 5.40 and MA(99) near 5.55 define a heavy overhead resistance band. As long as price stays below 5.40–5.55, upside attempts remain corrective, not trend-changing.
Volume spiked aggressively during the drop, confirming strong distribution. Recent candles show declining volume, signaling pause and consolidation rather than reversal. MACD is flat near the zero line, hinting at temporary stabilization but no bullish confirmation yet.
Key levels to watch: Immediate support: 5.16
Breakdown risk below 5.16 opens 5.05–5.00
Immediate resistance: 5.30–5.35
Major resistance: 5.40–5.55
This is a classic post-dump compression zone. Expansion is coming. Direction will be decided by whether buyers can reclaim 5.40 or sellers crack 5.16 first. Stay sharp.
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