Injective breaks above $5.76 on recovery volume – Can INJ cleInjective [$INJ] surged 12.89% in 24 hours to $5.93, breaking out of a week-long consolidation as momentum and trading activity accelerated sharply.
For most of the past week, $INJ remained trapped between the 78.6% Fibonacci support at $5.32 and the 61.8% level at $5.76. That range formed after a sharp correction erased the entire rally from $4.77 to $7.35, producing a near-perfect 100% retracement.
Earlier in the decline, the $5.76 (61.80%) golden pocket failed as support and repeatedly rejected recovery attempts, turning it into the market’s key battleground.
However, that picture has started to change. $INJ has now broken above $5.76 and climbed to roughly $5.95, its highest level in ten days.ar $6.06?
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