$INJ is currently experiencing a modest 2.299% price change over the last 24 hours.
The price has fluctuated between a high of 13.35 and a low of 12.35, indicating potential volatility.
The Bollinger Bands suggest a tightening range, with the upper band at 13.26 and the lower at 12.25.
With a support level at 12.35 and resistance at 13.35, the technical outlook appears mixed.
The overall market trend remains down, likely influenced by broader economic uncertainty and inflation concerns.
Currently, Bitcoin's impact on INJ is unclear, suggesting reduced correlation and independent price action.
Traders might consider a short-term approach due to present volatility, especially within these defined levels.
A key takeaway is to monitor macroeconomic developments, as they could signal reversals or confirm downward trends in INJ's trajectory.
