INJ is showing some real strength here.
It surged 2.33% in 15 minutes, with volume reaching 3.25x the norm, a Z-score of 3.51, and the closing price above the upper end of the past 20 five-minute candles. Crucially, OI is rising in tandem: +1.80% over 15 minutes and +1.39% over 1 hour. Its anomaly percentile is 99%, ranking 4th across the entire pool. This doesn’t look like a hollow short squeeze; it looks more like new leveraged longs entering the market.
The taker buy/sell volume difference is 25.7%, the buy/sell ratio is 1.69, and the funding rate is also at a recent high percentile. The on-chain narrative has already made people reluctant to short it, and now the price is hovering near an extreme in its own historical range. The depth confirmation is there too: volume is above normal, price is testing a boundary, and directional bias is present.
24-hour turnover is $118M—not huge, but with this setup, there’s less resistance on the way up than down. Watch to see if it can hold above this level. If not, it’s a false breakout; if it holds, there isn’t much overhead supply.
$INJ
It surged 2.33% in 15 minutes, with volume reaching 3.25x the norm, a Z-score of 3.51, and the closing price above the upper end of the past 20 five-minute candles. Crucially, OI is rising in tandem: +1.80% over 15 minutes and +1.39% over 1 hour. Its anomaly percentile is 99%, ranking 4th across the entire pool. This doesn’t look like a hollow short squeeze; it looks more like new leveraged longs entering the market.
The taker buy/sell volume difference is 25.7%, the buy/sell ratio is 1.69, and the funding rate is also at a recent high percentile. The on-chain narrative has already made people reluctant to short it, and now the price is hovering near an extreme in its own historical range. The depth confirmation is there too: volume is above normal, price is testing a boundary, and directional bias is present.
24-hour turnover is $118M—not huge, but with this setup, there’s less resistance on the way up than down. Watch to see if it can hold above this level. If not, it’s a false breakout; if it holds, there isn’t much overhead supply.
$INJ
