INJ MARKET STRUCTURE FLASHES WEAKNESS IN ASIA TRADE 🚨💻
Liquidity pools are thinning out around the $5.1450 mid range, as the price of
$INJ is hovering near the support zone of $4.9165, it's a move that shouldn't be ignored as funding rates are stabilizing, and with a 24h volume of $9.04M, it's a sign that institutional capital is rotating away from
$INJ 📊. The 24h change of -6.32% is a move that's driving momentum, and with a potential 3.5% move downwards,
$INJ is poised to break out of the support zone 📈.
The current market structure is unfolding as a high-conviction sell, as order blocks are accumulating near the resistance zone of $5.3710, it's a level that
$INJ shouldn't be able to break, given the current bearish sentiment, and with a 24h low of $4.8920, it's a sign that the price is heading towards the lower end of the range, with a potential re-test of the $4.9165 support zone 📉.
DYOR
#INJ #LAYER_1 #CryptoTrending #BinanceSquare