INJ Price Breakout Imminent as Smart Money vs Retail Divergence Reaches Extreme Levels

The price of INJ has been steadily increasing over the past few days, and it's caught the attention of traders. At $7.58, INJ is currently coiling, which means that it's preparing for a potential breakout or reversal. The top traders are heavily long on INJ, with a 57.9% position, while retail investors are short, with a 51.3% ratio.

According to the source, this divergence between smart money and retail is a classic pre-squeeze signal. If INJ can clear $7.73 convincingly, it will likely break out of its upper Bollinger Band and target $9.00 as its next price level.

The current technical analysis indicates that momentum has gone flat, but this could be a sign that buyers are reloading before another push upwards. The RSI is at 59.83, which suggests that the trend hasn't rolled over yet. The Stochastic also leans slightly towards a bullish reload, and the Bollinger Band positioning places price in the upper half of the band without being overextended.

It's worth noting that the global long/short ratio shows retail sitting 51.3% short, while top traders are 57.9% long. This kind of divergence is often a precursor to sharp directional moves within 5-10 trading days.