INJ is currently hovering around 5.26, with the price barely holding above the 7-day moving average (5.22) and the 25-day moving average (5.18), but the 99-day moving average (5.76) is still capping the upside. This short-term rebound is interesting, but the overall trend hasn’t fully reversed yet, so a cautious approach is advisable.
Looking downwards, 5.02 is the nearest support level—if it breaks, the next stop could be the 4.8 to 4.9 range. On the upside, the 99-day moving average at 5.76 is the first hurdle. If it’s broken, then 6.0 to 6.34, which are previous highs, should be watched closely.
The trading volume is quite interesting—there was a clear surge during the sharp decline, but now it’s gradually shrinking. There are signs of buying interest during the rebound, but the momentum isn’t strong enough yet. For a true reversal to happen, we need to see a decisive breakout and hold above the 99-day moving average; otherwise, it’s just a technical correction.
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OnchainSniper
· 14h ago
5.76 That level is really tough to chew through. Currently, the rebound momentum is clearly lacking, and it seems like a pullback is imminent.
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With such sluggish trading volume, there's no way to break through the resistance. Let's stay on the sidelines.
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Wait, if it truly breaks the 99 MA, I'll buy in. Right now, it's too speculative.
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If it breaks 4.8, I'll directly scoop the bottom. This is a good opportunity.
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It's just technical correction again, so annoying. When will there be a real reversal?
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Buyers are entering but the strength isn't enough. Frankly, it just hasn't bottomed out yet.
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Let's see if the next support level can hold—it's a crucial moment.
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This rebound feels like a trap; the pressure from the 99 MA is right there.
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Trading volume is the real truth. With current conditions, it's unstable.
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Only a break above 6.0 will be reassuring; everything else is just an illusion.
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BearMarketSurvivor
· 12-11 10:12
Ha, it's that old routine again—the supply line hasn't been established yet, and they're thinking of pushing upward. If that 5.76 defense line really can't be broken, we'll just keep digging trenches. See you at 4.8.
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I've seen many cases of shrinking trading volume, with buy orders coming in but "not enough strength"—in other words, no one dares to really put in money. That's the most frustrating part.
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The 99-day moving average is pressing down overhead; if it can't be broken, it's just a rebound. If it breaks, it may not mean a reversal. I'm more concerned about position control—survive first, then talk.
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It's always the same, technical repairs fooling many retail investors into buying in. If 5.02 breaks, it heads straight to 4.8. Have you set your stop-losses?
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Rebounds are interesting? I only see the shorts still positioning. Without volume support, any rally is just a paper tiger.
View OriginalReply0
MagicBean
· 12-10 13:45
The 99-day moving average seems a bit tough; if it's not broken, it's just a false rebound.
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CryptoCross-TalkClub
· 12-09 19:57
LOL, here we go again with the "technical correction" talk. I'm just waiting to see if INJ can actually hold above the 99-day moving average. With trading volume shrinking like this, it's even worse than the growth rate of my followers.
If it can't break 5.76, stop messing around. In the end, it's just going to keep bouncing back and forth between 4.8 and 4.9, and retail investors will end up paying another round of tuition.
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Oh my god, watching moving averages again? Let me tell you, moving averages in crypto are even more deceptive than my comedy routines.
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This rebound is interesting, huh? But in the end, it's all about the trading volume. With this weak buying power, how could it be enough? Just wait and see, everyone.
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Once 5.02 breaks, hold on tight, everyone—we're heading straight to 4.8 to 4.9. Isn't this rollercoaster ride supposed to cost money?
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Damn, another "technical correction." Translation: it's just investors trying to comfort themselves.
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Trying to reverse with shrinking trading volume? Isn't this just the last struggle before the end?
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99-day moving average pressing down from above—feels like getting hit in the face by a spotlight on stage. Painful.
View OriginalReply0
DAOdreamer
· 12-09 19:56
Eh, the 99-day moving average is still too tough, this rebound feels a bit weak.
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The shrinking trading volume is really uncomfortable, looks like there are still people shorting.
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If it breaks 5.02, it's really over. See you at 4.8 then.
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As long as it can't hold above 5.76, don't even think about a reversal. This is just a rebound for now.
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The rebound lacks strength. People keep hyping up the buying, but I have my doubts.
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This move only counts if it breaks above the 99-day moving average, otherwise it can drop back down quickly.
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Whenever trading volume shrinks, I know this isn't a real rebound.
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The support level is clear, it's just a matter of whether 5.02 can hold.
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6.0 to 6.34 is still a long way off, let's get past 5.76 first.
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There aren't enough aggressive buyers, but the sellers are pretty determined. It's a bit of a problem.
View OriginalReply0
TokenDustCollector
· 12-09 19:54
The 99-day moving average is really a tough hurdle. Feels like we're just bouncing around under the ceiling.
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The shrinking trading volume is just ridiculous. This rebound might be just a fake-out.
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Another technical correction, it's so annoying. When will we actually rally?
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If 5.02 breaks, I'm out immediately. There are more dips waiting below anyway.
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If the buying pressure isn’t strong enough, how can we break through? Feels like I’m about to get trapped again.
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Just looking at that 5.76 line is frustrating. Can we just cross it decisively?
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Now this is a real rebound! All the casual speculators should get out.
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Waiting for that 99-day moving average moment—either it’s a breakout or we fall back into a dip.
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If the momentum isn’t strong, don’t bother rebounding. Might as well keep dropping and clear out positions.
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Still better to be cautious. The last rebound was like this and then it dumped again.
INJ is currently hovering around 5.26, with the price barely holding above the 7-day moving average (5.22) and the 25-day moving average (5.18), but the 99-day moving average (5.76) is still capping the upside. This short-term rebound is interesting, but the overall trend hasn’t fully reversed yet, so a cautious approach is advisable.
Looking downwards, 5.02 is the nearest support level—if it breaks, the next stop could be the 4.8 to 4.9 range. On the upside, the 99-day moving average at 5.76 is the first hurdle. If it’s broken, then 6.0 to 6.34, which are previous highs, should be watched closely.
The trading volume is quite interesting—there was a clear surge during the sharp decline, but now it’s gradually shrinking. There are signs of buying interest during the rebound, but the momentum isn’t strong enough yet. For a true reversal to happen, we need to see a decisive breakout and hold above the 99-day moving average; otherwise, it’s just a technical correction.