Injective's Dead Momentum Sets Up Potential Squeeze

Injective (INJ) has been coiling at $4.84, with its momentum flatlined according to technical analysis.

The Moving Average Convergence Divergence (MACD) histogram has printed zero, indicating a dead-stop momentum reading that is neither bullish nor bearish.

This kind of reading is often a sign of coiling, not directional movement.

The Stochastic oscillator has dropped into deeply oversold territory near 17/14, historically a zone where mean-reversion buyers start showing up.