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$INJ /USDT โ RELIEF RALLY LOSING STEAM โ ๏ธ๐
$INJ is showing clear exhaustion after a sharp bounce, and sellers are starting to step back in ๐ง
Price is currently at 5.09, down -3.4% today, pulling back from the recent rejection zone.
๐ Daily chart insight (1D)
๐ง Strong bounce from 4.16 support (short-term relief rally)
๐ง Rejection near 5.40โ5.60 = heavy supply overhead
๐ง Current structure = lower high in a broader downtrend
๐ง Momentum slowing, candles tightening โ indecision phase
๐ Key levels to watch
๐ป Immediate support: 5.00โ4.95
๐ป If this breaks โ next demand: 4.50, then 4.15โ4.20
๐บ Resistance on bounce: 5.30, then 5.60
๐ Big-picture damage still real
โข 90 Days: -48%
โข 180 Days: -60%
โข 1 Year: -75% ๐ฌ
This looks more like a corrective bounce inside a bearish trend, not a trend reversal yet ๐ง
$INJ needs to hold above 5.00 and reclaim 5.60 with volume to shift sentiment.
โ๏ธ Market verdict
โ Not bullish yet
โ ๏ธ Chop & fakeouts likely
โ
Best strategy = wait for
โโข Support confirmation at 5.00
โโข Or clean breakout above 5.60
Patience saves capital.
Let structure confirm before acting ๐๐ก๏ธ
#INJ #Injective #CryptoAnalysis #Altcoins #Binance