INJ / TetherUS
Long

INJ - Injective Daily Chart

146
🔍 1. Price Structure:
INJ went through a massive bull run toward the end of 2024, peaking around $44.
Since then, we saw a sharp downtrend with multiple Breaks of Structure (BOS) and Change of Character (CHoCH) confirming the bearish trend.
That downtrend bottomed around $7, which held strong as a support zone.

📈 2. Recent Trend:
A bullish reversal started from April 2025.
Multiple bullish CHoCHs and BOS confirm that the trend is shifting upward.
Currently, price is around $12.18 after bouncing from the $9–$10 accumulation zone.

🟥 3. Key Levels:
Resistance Zone: $17–$20 → Prior support turned resistance.
Support Zone: $9–$10 → Demand zone & previous BOS level.
Major Low Support: $6.34 → Marked as "Weak Low" — losing this invalidates current bullish trend.

📉 4. Indicators:
Stochastic RSI was overbought and now turning down → potential short-term correction.
Volume is decreasing slightly as price stalls under $13 → signs of hesitation.

⚠️ 5. What to Expect Next:
If bulls can reclaim $13.50–$14, INJ could push toward $17 short term.
But if the price dips back under $11, it may retest the $9–$10 support again.
Look for volume confirmation on any breakout.

🧾 TL;DR:
INJ is recovering after a big drop, showing early bullish signs. But it's now approaching resistance and momentum is cooling. Watch for either a breakout above $14 or a dip to $10 for a better entry.

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