INJ Price Analysis: Smart Money vs Retail Traders in Short Squeeze Setup

INJ is currently trading at $4.88, and the price action over the last 24 hours indicates that buyers are absorbing every dip, keeping the token from breaking down.

This setup is made more interesting by the structural positioning underneath the price, as INJ is trading above every meaningful moving average on the daily chart, including the 200-day.

Despite this bullish trend, momentum buyers have stalled out, and the MACD has gone completely inert, making it unclear whether the momentum can get off the floor to confirm the structure.

The key levels exposed in the market indicate that $5.01 is the immediate ceiling, with $5.14-$5.15 being a stronger resistance level.