$INJ INJ/USDC Market Update | May 13, 2026
Coin:
$INJ - Injective
Current Price: $5.663 [+19.20% 24h]
24h Range: $4.572 - $6.111 | 24h Vol: 3.13M INJ | MA60: $5.776
Trend Analysis:
Short-term trend is bearish after rejection at resistance. INJ is still up 19.20% on the day, but price has pulled back from the $6.111 high and is now trading below MA60 at $5.776. The 15m chart shows a sharp drop from $5.768 to $5.663, with sellers defending MA60 on the bounce attempt. Despite the intraday pullback, the broader structure remains strong with +51.34% on the week and +93.54% over 30 days.
Key Levels:
Resistance: $5.691 immediate, $5.730 minor level, $5.776 MA60, $6.111 24h high
Support: $5.651 current base, $5.600 psychological level, $4.572 daily low
Trader Insight:
Volume spiked to 1.43K on the selloff, above MA(5) 2.92K and MA(10) 3.57K on the prior rally, confirming profit-taking after the run to $6.111. The rejection at MA60 suggests short-term momentum is cooling. Bulls need to reclaim $5.776 with volume to resume the uptrend toward new highs. A break below $5.651 could see a deeper retrace toward $5.600. With 18.27% daily and 51.34% weekly gains, dips are likely to attract buyers in a strong Layer 1/Layer 2 market.
#IN #Injective #Layer2 #Crypto