đŁ Injective ($INJ ) Attempting a Comeback â Can Bulls Take Control?
While fear continues to dominate the broader crypto landscape and the total market cap hovers around $2.3 trillion, sellers still have influence. Major players like Bitcoin and Ethereum are trying to stabilize, but momentum remains fragile.
Amid this cautious environment, Injective (INJ) has shown signs of life, posting a 3.7% gain in the last 24 hours.
đ Price Action Snapshot
Daily Low: $2.96
Daily High: $3.62
Current Price: $3.22
24H Volume: $191.43M (+525%)
INJ started the session under pressure but quickly reversed course, climbing from sub-$3 levels to test the $3.60 area before cooling off. The sharp increase in trading activity suggests renewed interest, though sustainability remains the key question.
đ 4H Chart Perspective
On the 4-hour timeframe, early signs of an upward structure are forming.
Potential Scenarios:
Bullish Case:
Immediate hurdle near $3.32
Strong breakout could open the door toward $3.43
Sustained buying pressure may confirm short-term trend reversal
Bearish Case:
Initial support sits near $3.12
Breakdown below that level could send price toward $3.01
Failure to defend support may invite deeper