Injective Trapped in No Man's Land with $5 Ceiling Looming

Injective (INJ) is trading at $4.93, stuck on its pivot point with momentum flatlined and a psychological ceiling of $5.00 looming above.

The market has priced in zero conviction for either direction, creating an environment where passive sellers bleed out impatient longs.

This setup is precarious, as the token has been grinding within a 14-cent intraday range between $4.84 and $4.98, tightening like a coiled spring that will inevitably resolve violently.