INJ is currently hovering around $5.27, just slightly above the 7-day moving average (5.22), but is being capped by the 25-day line (5.60) and the 99-day line (5.93) — overall it looks lukewarm, slightly bearish.

Previously, it dropped sharply from the high of 6.34 to 5.17. Now the price is hovering around this low point, as if it wants to stabilize. Looking upwards, the range of 5.40-5.60 is the first hurdle near the daily chart of 25, and if it can cleanly break through 5.90-6.00, then the area of 6.20-6.34 will be opened up. Downwards, 5.17 is the recent support bottom that just created a new low; if it breaks again, we need to see if 5.00-4.90 can hold.

In terms of trading volume, there was a massive sell-off during the crash, and now although it is still at a high level, it is clearly retreating. To be honest, unless the buyers pull the price back above the medium to long-term moving averages, market sentiment remains neutral to slightly bearish; for short-term trading, as long as it holds above the 7-day moving average, it can barely be considered that the bulls have the advantage. The key will be whether it can regain the 5.60 line in the next few days.