$INJ Down 10% in a matter of hours... but is the volume misleading? 📉
The price is at $7.13, while trading volume has collapsed to just 0.04. A sharp drop on low liquidity points to a lack of sell orders, not bearish strength. The RSI has reached deeply oversold levels on the 15-minute chart.
Most likely scenario: a limited corrective bounce toward $7.30–$7.40 to retest the bottom with genuine volume before the next move. A high-volume break below $7.00 would shift the outlook toward an extended decline.
Stay tuned for more analysis 🚀
$INJ
This content is not investment advice. Do your own research (DYOR).
The price is at $7.13, while trading volume has collapsed to just 0.04. A sharp drop on low liquidity points to a lack of sell orders, not bearish strength. The RSI has reached deeply oversold levels on the 15-minute chart.
Most likely scenario: a limited corrective bounce toward $7.30–$7.40 to retest the bottom with genuine volume before the next move. A high-volume break below $7.00 would shift the outlook toward an extended decline.
Stay tuned for more analysis 🚀
$INJ
This content is not investment advice. Do your own research (DYOR).