$INJ is currently sitting at a key support zone around $12.5–$12.7, a level that has served as a strong base several times in the past. It’s shaping up to be a crucial area where bulls and bears will battle it out.
If buyers manage to hold this zone, we could see a short-term bounce toward the $13.1–$13.9 range, where the EMA9 and SMA50 converge. But if this support breaks, the next likely target would be the $11.8–$11.5 area.
