$INJ is currently in a correction phase after a strong move, with the price gaining around 31% last week.

Now the key question is whether this pullback finds buyers at the nearby support zone.

🟢 Short-term support: $5.30–$5.20

If this zone holds strongly, the correction could remain healthy and we may see bullish trend continuation back toward $6.00.

But if $5.20 breaks, the next downside extension could be around:

🔻 $4.90 → first extension zone
🔻 $4.70
🔻 $4.40–$4.10 → deeper correction zone

For now, $5.20 is the key level to watch.

Hold → possible recovery toward $6 🚀
Lose → correction can extend toward $4.90 and lower.

Don't chase the bounce blindly — the reaction around $5.20–$5.30 should tell us a lot.

#Injective #TechnicalAnalysis