$INJ climbed from 7.567 to 9.413 in a day, up 19.47%, and is now at 9.044, with 49M in trading volume. But trading volume has nearly dried up over the past hour, while the price has moved just 0.02%; over 4 hours, it’s still down 1.29%. In other words, that spike used up all its momentum, and now there’s no one buying or selling. My approach is simple: 9.413 is today’s high. If the price falls back below 8.8 and volume picks up again, I’ll consider this move over. If it can hold steady above 9 while volume shrinks to almost nothing, that means the supply is fairly well locked up, and I’ll see what happens next.

#INJ #BinanceSquare #Crypto