Crypto
INJ Price Squeeze Looms as Bears Maintain Control
INJ is currently trading at $4.48, pinned against its lower Bollinger Band and showing bearish control on its chart.
The Stochastic oscillator has capitulated, with %K at 7.97 and %D at 6.38 essentially at floor level, which often precedes a short-term reflexive move higher.
Despite the bearish trend, there is a high probability of a short squeeze towards $4.62 in the next 3-7 days due to aggressive taker buying and a crowded retail short position.
The chart's technical reality check suggests that any rally towards $4.62 will likely be a dead-cat bounce, with the dominant trend reasserting itself afterwards.