🚨 $INJ — Weekly structure update.


Price is still trading inside a long-term descending channel that started after the 2024 highs.
This week we are seeing a strong impulse move (+38%) with a clear break above the channel midline.
Volume is expanding compared to recent weeks, but still not at the levels seen during previous distribution phases.
RSI is at extreme overbought .
Historically, this zone has not supported sustained upside — it usually leads to either consolidation or a corrective move.
Key levels:
Resistance:
$7.06 — main structural resistance + channel top confluence
$15.64 — breakout confirmation zone
$34.95 — macro distribution area
Support:
$4.20–$4.40 — reclaimed mid-channel zone
$2.90 — major structural bottom
Conclusion:
Strong impulse, but still inside a corrective macro structure.
Confirmation only comes after a clean weekly close above the channel.
My portfolio: $TEL $TIA $APT $AVAX $ETHFI $LDO $OP $ETH $ONDO $ENA $MANTA $ALGO $ZK $XNO
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