INJ Technicals Still Bearish: MACD Dey Down, Key Support 2.65, BTC Weakness Dey in Focus
INJ (INJ/USDT) dey trade round $2.89 after small 24‑hour gain (+0.49%), but di higher‑timeframe picture still bearish. INJ still under EMA20 (about $2.92) and Supertrend remain negative. RSI(14) dey around 41.3—near di mid‑lower zone—show say e dey consolidate with small selling pressure rather than clear rebound.
MACD still bearish for INJ. Di histogram dey expand for negative territory, wey mean downside momentum dey accelerate, while volume confirmation weak. Latest levels highlight $2.79–$2.65 as main downside zone, with $2.65 as key support.
Resistance for INJ dey around $2.85, then $3.10–$3.50 near EMA50/EMA200. Earlier scenario also show say failure to hold $3.05 fit increase drawdown risk, but di newer update shift emphasis to deeper test at $2.65.
BTC na di macro trigger. If BTC fail near $68,000 and support break around $66,000, INJ weakness fit intensify toward $2.65. Bullish shift go need MACD histogram to contract toward zero and volume to improve; otherwise consolidation‑to‑down continuation remain di base case.
(Trading focus only; no be investment advice.)
Bearish
Both article dem agree say INJ dey trade with bearish higher-timeframe bias. Di later update keep Supertrend negative and put more emphasis on downside follow-through, wit MACD histogram wey dey expand deeper inside negative area and weak volume confirmation. This one shift di immediate focus to a retest of $2.79–$2.65, whey $2.65 na di key support. BTC direction too dey framed as di catalyst: weakness below roughly $68,000 and then roughly $66,000 fit likely intensify INJ selling.
Short term, di setup favour consolidation-to-down continuation unless INJ get momentum improvement (MACD histogram wey dey contract toward zero plus stronger volume). Long term, if e no hold di highlighted support levels market go remain vulnerable to further downside extensions, consistent wit di bearish structure wey dem note earlier.