$INJ View from a psychological perspective, brothers stay strong

Transaction volume is declining, and the weak recovery indicates that short-term capital is not prioritizing INJ.

Shark mentality: In Wyckoff, this stage is often called "Accumulation" – institutions/sharks suppress the price, create frustration, forcing retail to sell off. When enough stock is accumulated, they will push the price up.

EMA: The price is below all short-term EMAs (20, 50, 100) and is only close to EMA200 (13.89). If it breaks strongly below EMA200 → the medium-term trend is worse.

• RSI & StochRSI: Currently in the oversold zone (RSI6 ~30, StochRSI ~3.25) → signaling the possibility of a technical rebound.

• MACD: Still under 0, red histogram → the downtrend has not ended.

• Important support area: 13.0 – 13.2 is currently being tested multiple times. If it breaks below 13 → the possibility of going deeper to 12.2 – 12.5 (previous strong demand zone).

Currently, INJ shows signs of being in Phase B – the end of accumulation / shakeout.

• If the scenario is correct, there will be a Spring (a strong bottom sweep, causing holders to become frustrated and sell off), after which the price will recover and begin Phase C – markup.

If you still believe in the fundamentals & practical applications of INJ (RWA, DeFi, Layer 1), then this is not the time to panic sell because you are selling right into the "shark accumulation" phase.