INJ (Injective) Testing Key Support — What It Means
INJ is currently retesting a critical support zone, which often decides the next short-term trend.
🔍 Key Technical Levels
Major Support: ~$5.10–$5.20
This level has acted as demand multiple times. Buyers are defending it.
Immediate Resistance: ~$5.60–$5.80
A reclaim above this zone would signal short-term strength.
Downside Risk:
A clean breakdown below ~$5.10 could open the door toward $4.50–$4.70.
📊 Momentum & Structure
RSI: Near oversold → suggests selling pressure is weakening
Volume: Declining on the drop → bearish momentum is not accelerating
Trend: Still corrective within a broader consolidation
🧠 Scenarios
Bullish case:
Support holds + bounce above $5.60 → possible move toward $6.20
Bearish case:
Daily close below $5.10 → continuation lower, stops likely triggered
🧩 Takeaway
INJ is at a make-or-break level. Support holding favors a relief bounce, but confirmation requires a reclaim of resistance. Until then, expect choppy price action.
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