Injective just tapped its lower band at 5.49 and instantly defended the level, showing that buyers are still active despite the short-term pressure. The chart is moving in a controlled decline, but the reaction off the base suggests exhaustion from sellers.
INJ is forming one of those pullback structures where the drop looks heavy, but strength quietly builds underneath as volume stabilizes. If 5.49 holds, this can flip fast into a recovery leg because Injective typically rebounds strongly after sharp intraday sell-offs.
The candles are tightening, volatility cooling, and the range is preparing for a shift in direction. A clean reclaim above 5.58 can open the next move upward.
Entry Zone
5.50 – 5.55
Support Level
5.49 (key intraday base)
Resistance Levels
First resistance: 5.62
Second resistance: 5.71
Targets
Target 1: 5.75
Target 2: 5.82
Target 3: 5.90
Stop-Loss
5.45
