INJ Price Squeeze Looms as Smart Money Positions Counter Retail Bears

Retail investors are heavily short on INJ, but smart money is quietly long. The technical indicators suggest that this imbalance may soon lead to a short squeeze, with prices potentially rising to $4.71-$5. According to Iris Coleman, the internal structure of INJ resembles a coiled spring, indicating that it's ready to burst upwards.

The moving average stack remains structurally bearish in the short term, but the 200-day SMA at $4.13 is intact and acting as macro support. The Bollinger Band position is compressed, coiled, and historically prone to expansion, adding to the bullish case.

Derivatives market positioning shows a significant divergence between retail traders (56.3% short) and top traders (51.1% long). This gap in sentiment increases the likelihood of a short squeeze. The taker buy/sell ratio is also running 25% hotter than sells, indicating aggressive buyers are outpacing sellers.

According to Coleman, this exact configuration has consistently resolved against the crowd in previous altcoin cycles. The absence of hype means there's no overheated sentiment to unwind if prices do rally.