INJ has been showing some weakness recently, with the price hovering around $5.46. From a technical perspective, things don’t look too optimistic—the price has already fallen below the short-term, 25-hour, and 99-hour moving averages (around $5.51 and $5.71), which makes the short-term outlook a bit challenging.

What would it take to turn things around? First, INJ needs to hold steady in the $5.60–$5.75 range. If it can break through, there’s a chance to retest the previous highs around $6.00–$6.10. But if it fails to hold the $5.30–$5.20 support, caution is needed—a test of the $5.02 low could be on the table.

Pay attention to trading volume: there’s a clear spike during sell-offs, and trading remains active even during rebounds. This kind of volume pattern isn’t a good sign. For now, until the price can reclaim the moving averages, it’s best to remain cautious—the short-term outlook is still leaning bearish.