$INJ is showing pure market emotion right now.
Price is sitting near $5.30, still down about 5.7% on the day, which tells us sellers had control earlier. We saw a clear dip toward the $5.16–$5.23 zone, where buyers stepped in with confidence. That level acted like a floor — panic tried to break it, but demand said no.
From that bounce, price started climbing step by step, printing higher lows on the short timeframe. Volume picked up during the recovery, showing real participation, not a weak bounce. Bulls pushed it back toward $5.30, reclaiming short-term structure and calming the chart.
On the upside, $5.32–$5.35 is the immediate resistance where sellers previously appeared. A clean break above this zone could open the door back toward $5.50–$5.80. On the downside, as long as $5.20–$5.16 holds, the recovery story stays alive.
