INJ trades near a major support zone as buyers con
#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge INJ trades near a major support zone as buyers continue defending demand after months of selling pressure.
Funding rates remain near neutral, showing balanced leverage despite recent price recovery efforts.
A move above nearby resistance could strengthen recovery momentum, while support remains critical.
INJ price remains at a critical technical level after an extended decline, with traders closely watching whether support can sustain recent stabilization and create conditions for a short-term recovery.
INJ Price Tests Major Support Following Extended Pullback
Alpha Crypto Signal recently noted that INJ returned to a key horizontal support area. The asset has spent weeks correcting after a prolonged bearish phase. Current trading activity shows buyers defending an important demand zone.
Source: X
Price action indicates that selling pressure has slowed near support. However, the broader trend remains cautious as major moving averages stay overhead. Those levels continue acting as resistance across short-term timeframes.
The latest market data places INJ near $5.12. During the past 24 hours, the token traded within a relatively narrow range. The action suggests a consolidation, not aggressive directional play.
Market participants continue monitoring support around the $5.00 region. Earlier selling briefly pushed the price below that level before buyers responded. The rebound helped restore stability near the lower boundary of the range.
Resistance Levels Continue to Shape Near-Term Market Structure
The chart shared by Alpha Crypto Signal shows repeated support tests. Each bounce attracted demand, preventing a decisive breakdown. At the same time, recovery attempts have remained limited.
Price repeatedly approached the $5.10-$5.15 resistance area. Sellers emerged during those advances and restricted upside progress. As
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