$INJ

– My Only Red Bag This Bull Run 😑

Injective ($INJ ) is the sole underperformer in my portfolio this cycle, despite its solid fundamentals and strong tokenomics. I entered around $18—right after the ATH pullback and pre-election—but while majors and meme coins rallied, INJ has continued to lag. Here’s what’s going on and the levels I’m tracking next. 👇

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Why Is INJ Struggling?

After topping out between $35–$53, sellers have consistently offloaded into every bounce. Liquidity has rotated into majors and meme coins, leaving INJ with weak demand and declining volume. Every rally has resulted in another lower high, signaling exhaustion.

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The Chart at a Glance:

Structure: Price is pinned below short-term resistance at $15–$17, with heavy supply overhead at $20–$21.

Support Zones:

$11–$12 = first key support

$9–$10 = critical must-hold level

If $9 fails, the next major base is near $6.30

Momentum: Moving averages reflect bearish pressure; volume remains too thin to support a meaningful breakout.

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My View:

INJ currently looks like a high-risk, short-term trade. Unless bulls reclaim $20 with strong volume, upside remains limited. I’m keeping my position small, trimming into strength near resistance, and always protecting with stops.

Long-term, I still like INJ’s fundamentals—but in this market, narrative and momentum dominate, and right now, the capital is flowing elsewhere.

#Injective 🔥 | Eyes on $9–$10 next if weakness continues.