$INJ

$INJ Weekly Chart Analysis

INJ is currently trading at a crucial technical level, touching the strong rising support line of a long-term ascending channel. Historically, this trendline has acted as a reliable base for strong upward reversals.

The Stochastic RSI is also deeply oversold, similar to the levels seen during previous bottoms in early 2022 and early 2023 — both of which led to significant rallies.

If the support holds, INJ could be poised for another upward move toward the key resistance line of the channel.

However, a breakdown below this support would invalidate the structure and could lead to further downside.

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