INJ is currently hovering around 5.26 — the price has risen above the 7-day moving average (5.22) and the 25-day moving average (5.18), but the 99-day moving average (5.76) is still pressing down from above. There is a small rebound in the short term, but the long term outlook still leans bearish.



Looking down, the recent low of 5.02 is a key support level. If it breaks, there is another support range around 4.8 to 4.9. On the upside, it needs to break through the level of 5.76 (which is the 99-day moving average) first, and then the pressure zone formed by previous highs is from 6.0 to 6.34.

The trading volume is quite interesting: there was a huge amount during the sell-off, and then it shrank. This current rebound indicates that someone is picking up the shares, but whether it can establish a trend depends on what happens next—the key is whether it can recover the 99-day moving average; if it can't, this rebound might just be a trap for more buyers.
INJ1.33%
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CrashHotlinevip
· 12-03 19:18
The probability of a bull trap is quite high; the 5.76 barrier is hard to break.
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SleepyArbCatvip
· 12-02 19:33
The scent of a bull trap is a bit strong, it's all a dream if the 99 daily chart doesn't break...
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GasOptimizervip
· 12-02 05:55
5.76 This hurdle is really stuck, the data shows that the catch a falling knife volume is not enough to support a trend reversal, a typical bull trap signal.
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SelfMadeRuggeevip
· 12-02 05:55
The scent of a bull trap is getting stronger, I won't believe this rebound unless the 99 daily chart is broken.
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NFT_Therapyvip
· 12-02 05:54
The probability of a bull trap is quite high, this rebound feels like the prelude to playing suckers. --- If it doesn't break 5.76, it's all in vain, wake up everyone. --- We have to consider the Trading Volume again, it's annoying, I just want to see it rise. --- It feels like the 99 daily chart is a pit, waiting for it to fall below 5.02. --- Dumb buyers, fighting, I have faith in you, haha. --- This rebound has artificially raised psychological expectations, a typical bull trap. --- If the Trading Volume shrinks, there's nothing to watch, that's the rhythm of the Bear Market. --- If it can't break 5.76, there's really no hope, better to wait for a bottom before discussing.
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Web3Educatorvip
· 12-02 05:51
ngl the 99-day MA sitting at 5.76 is basically the real test here... everything else is just noise until we break that. seen this movie before with my students—they always chase the short bounce and miss the bigger picture lmao
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CrossChainMessengervip
· 12-02 05:30
The probability of a bull trap is quite high, and the 99 daily chart level is not easy to break.
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