INJ is showing an interesting change in structure after spending a long period near its lows.
📊 What the charts are showing:
* Monthly: INJ has fallen significantly from its previous ATH around $53, but price has been building a base after the long decline. * Weekly: Price recently pushed above the $7–8 area, with increasing volume. * Daily: Strong move from around $4 → $8+, followed by consolidation near the highs. * 4H: Price is holding around $8, after reaching a recent high of $8.687. * Volume: Recent upward moves came with noticeably higher volume, which is worth watching.
👀 Key levels to watch: $8.69 — recent resistance/high $8.00 — current psychological level $7.20 — nearby 4H support $6.36 — deeper support $5.52 — major lower support zone
The big question now is whether INJ can hold above the breakout area and build another higher high, or whether this move needs a deeper pullback first.
I’m watching price + volume + 4H structure rather than chasing the move.