$INJ 's price is currently 5.26 USDT and there has been a correction of 1.87% in the last 24 hours, the market mood is bearish but consolidation is visible at some key levels. Strong support is at 5.12, the 24h low, which is a critical level; if this breaks, the next support is around 5.00. On the upside, the immediate resistance is at 5.39, the 24h high, which needs to be broken for a bullish move. If a breakout occurs, the next target could be 5.50 and then the area of 5.65. Looking at the volume, there is decent activity, but the order book indicates that sellers are slightly more active (50.73%), so wait for buying pressure. Short-term moving averages are close to the price, indicating range-bound trading. Overall sentiment is slightly bearish until the price goes above the resistance at 5.40.

#INJ #Injective #Layer1 #Crypto