INX (Infinex) is showing high-volatility market behavior following a sharp expansion move on BSC.
• Price is holding around $0.018424, up 53.50% on the day, reflecting aggressive short-term momentum rather than gradual accumulation.
• Intraday price action spiked to $0.032000 before a strong pullback, suggesting fast profit-taking after a news or airdrop-driven surge.
• Market participation remains thin relative to valuation, with $1.41M liquidity supporting a $36.74M market cap, which explains the large price swings.
• On the 1-hour timeframe, price is hovering just above the EMA(9) $0.017534 and EMA(15) $0.018187, indicating an attempt to establish a support floor after the correction.
• Volume exploded during the initial pump and has tapered off, signaling that the first wave of buyers has cooled and the market is now stabilizing.
• The wide gap between FDV ($184.24M) and market cap suggests a small circulating supply, meaning future unlocks could introduce significant sell pressure if demand does not scale.
Overall, INX is in a post-spike stabilization phase. Momentum has slowed, volatility remains high, and the next move will depend on whether this area turns into a base or breaks into a deeper retrace.
