Injective Stuck at Resistance: Pullback to $5.00 More Likely Than Breakout

Injective (INJ) is facing resistance at the upper Bollinger Band at $5.42, with its %B reading at 0.89 - deep in the compression zone where sellers tend to reload and buyers hesitate.

The momentum has gone completely flat: the MACD histogram has zeroed out exactly at this resistance level, which is not a launchpad pattern but rather a sign that buying pressure is exhausted.

The Relative Strength Index (RSI) is at 58, keeping a bullish scenario technically alive, while the Stochastic %K is already deep in territory where near-term exhaustion is more likely.

Despite a 2.66% gain on the day, the taker buy/sell ratio is running at 0.57 - for every dollar of aggressive buying hitting the market, there's nearly two dollars of aggressive selling.