INJ Technical Analysis Feb 10

INJ is trapped in the critical support zone at 3.06$ and may give a recovery signal with oversold RSI. However, a break below 2.65$ could trigger a deep decline.

Current Price Position and Critical Levels

INJ traded in the 3.04$-3.22$ range with a 3.80% decline over the last 24 hours, and the current price is 3.06$. The overall trend is downward; the price remains below EMA20 (3.73$), Supertrend is giving a bearish signal, and resistance is set at 4.11$. RSI at 28.86 is in the oversold zone, indicating short-term rebound potential, but volume is low at 28.94M$. Multi-timeframe (MTF) analysis identified 7 strong levels: 1D (2 supports/1 resistance), 3D (1S/1R), 1W (1S/3R). The price is trapped within the 1D order block and in a liquidity accumulation phase; on a downside break, 2.65$ is the main support, while 3.23$ stands out as the first obstacle upward. Historically, these levels have been tested with high volume and rejected.

Support Levels: Buyer Pools

Primary Support

The strongest support is at 2.6500$ (score: 76/100), highlighted by a major demand zone and order block confluence on the 1W timeframe. This level has been tested 3 times since the October 2025 lows, rejected each time with high-volume buying (average 15% bounce). It also aligns with 3D EMA50 (2.68$), and is the POC (Point of Control) in the volume profile. On a break, invalidation is below 2.50$, leading to a downside target of 0.9446$ (R/R 1:4). Buyers have formed a large liquidity pool here, ideal for stop-loss hunting.

Secondary Support and Stop Levels

Secondary support at 3.0530$ (score: 69/100), just below the current price, with confluence from 1D swing low and 24h low (3.04$). This zone acted as a mitigation block in the recent decline, supported by RSI divergence. Invalidation level is below 3.00$; if broken, momentum accelerates to 2.65$. For short-term buyers, stop can be placed at 3.00$, risk management is essential.

Resistance Levels: Seller Pools

Near-Term Resistances

Near-term resistance at 3.2287$ (score: 72/100), the 24h high and 1D supply zone. This level has been rejected twice in the last 3 days, remaining weak with declining volume. First test point before approaching EMA20 (3.73$); volume increase is required for breakout, otherwise fakeout risk is high. Historical tests show a 40% rejection rate.

Main Resistance and Targets

Main resistances at 3.73$ (EMA20), 4.11$ (Supertrend), and 5.7910$ upside target. 3.73$ has confluence with 1W supply block and Fibonacci 0.618 retracement (score 80+). 4.11$ acted as a breaker block, seeing high-volume selling. Upside target 5.79$ is reachable with a 3D trendline breakout, but BTC resistance is an obstacle. Invalidation upward is failure to hold above 3.23$.

Liquidity Map and Big Players

The liquidity map shows stop-loss clustering below 3.00$-3.05$; big players (smart money) are accumulating positions in the 2.65$ demand zone. Above, 3.23$ and 3.73$ equal highs are drawing liquidity, reversal expected after sweep. Order flow analysis points to 1D imbalances: 2.65$-3.05$ bullish FVG (fair value gap), 3.23$-4.11$ bearish FVG. Whales may set up long positions with low RSI, watch for volume spikes. For spot, check INJ Spot Analysis, for futures INJ Futures Analysis.

Bitcoin Correlation

BTC at 69,021$ with a 2.07% decline in downtrend, Supertrend bearish. Main supports at 68,294$, 62,910$, 46,196$; resistances at 71,974$, 77,324$, 85,375$. INJ correlates with BTC at 0.85; if BTC breaks below 68K, INJ gets dragged to 2.65$ (altcoin bleed). BTC breakout above 71K tests INJ at 3.73$. Rising dominance crushes altcoins, but if BTC holds support, INJ bounce chance increases.

Trading Plan and Level-Based Strategy

Level-based outlook: If holds above 3.05$, tests 3.23$, target 3.73$ (R/R 1:2). On 3.05$ break, short to 2.65$ (R/R 1:3). Oversold RSI gives long bias but trend is bearish, wait for confluence (volume + MTF). This analysis is not investment advice; verify on spot and futures platforms. Risk management: 1-2% capital, stop-loss mandatory.