INJ is hovering near its pivot point of $4.92, with traders watching closely for a decisive move. The $5.00 level sits just two cents above the current price, acting as a psychological ceiling that has kept the token in a tight range.
70% probability setup
Market data shows a 70% probability setup for a near-term move. The token could either break above $5.00 or fall back to $4.62. That's a narrow band of roughly 8% either way, but the odds suggest a resolution is coming soon.
Momentum flatlined
Momentum is described as completely flatlined. No clear directional bias has emerged, leaving INJ stuck between support and resistance. Traders are waiting for a catalyst — a volume spike or a news event — to push the price out of its current rut.
The $4.62 level is the next support if the token fails to hold the pivot. A break below that could open the door to further losses. On the upside, a close above $5.00 would signal renewed buying interest and potentially trigger a short squeeze.
For now, INJ remains in a holding pattern. The next few sessions will likely determine whether the token tests the ceiling or the floor.
