$INJ is right at a critical support-resistance zone at $5.77, down -3.99% in 24 hours.
The Bearish Signal:
* The price is trading significantly below all major moving averages (MA7, MA25, MA99), with the $5.91 (MA99) line acting as a strong overhead resistance.
* The Stochastic RSI (STOCHRSI) is extremely low at 29.91, suggesting the token is oversold, but momentum remains weak with the M-A STOCHRSI at 19.15.
Key Data to Watch:
* 24h Price Range: Low $5.74 to High $6.10.
* Volume: Low 724,728 INJ (4.28M USDT).
Is this the final dip before a bounce to test the $5.80 and $5.89 levels, or is a break below $5.74 imminent? The low volume suggests low conviction on the current drop.
Keep this chart on your screen!
