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$INJ /USDT — RELIEF RALLY LOSING STEAM ⚠️📉
$INJ is showing clear exhaustion after a sharp bounce, and sellers are starting to step back in 🧠
Price is currently at 5.09, down -3.4% today, pulling back from the recent rejection zone.
📊 Daily chart insight (1D)
🧠 Strong bounce from 4.16 support (short-term relief rally)
🧠 Rejection near 5.40–5.60 = heavy supply overhead
🧠 Current structure = lower high in a broader downtrend
🧠 Momentum slowing, candles tightening → indecision phase
🔍 Key levels to watch
🔻 Immediate support: 5.00–4.95
🔻 If this breaks → next demand: 4.50, then 4.15–4.20
🔺 Resistance on bounce: 5.30, then 5.60
📉 Big-picture damage still real
• 90 Days: -48%
• 180 Days: -60%
• 1 Year: -75% 😬
This looks more like a corrective bounce inside a bearish trend, not a trend reversal yet 🧠
$INJ needs to hold above 5.00 and reclaim 5.60 with volume to shift sentiment.
⚖️ Market verdict
❌ Not bullish yet
⚠️ Chop & fakeouts likely
✅ Best strategy = wait for
• Support confirmation at 5.00
• Or clean breakout above 5.60
Patience saves capital.
Let structure confirm before acting 📊🛡️
#INJ #Injective #CryptoAnalysis #Altcoins #Binance