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$INJ is finally showing signs of life after spending months building a base above the $2.6 low. The recent move is not just a random spike; it comes after a clean trend reversal across multiple timeframes.
On the 4H chart, price is trading above all major moving averages, with MA7 at 5.77, MA25 at 5.67, MA99 at 5.18, and MA200 at 4.53. This bullish MA alignment confirms that momentum has shifted in favor of buyers. The recent breakout toward 6.36 was followed by a healthy consolidation, and price continues to hold above the short-term averages.
The 1H chart tells a similar story. Price reclaimed MA25 (5.75) and is holding comfortably above MA99 (5.65) and MA200 (5.41). As long as these levels continue acting as support, buyers remain in control.
The bigger picture becomes even more interesting on the 1D chart. After a long downtrend from the $16.5 region, $INJ has established a higher low structure and successfully reclaimed MA25 (4.89) and MA99 (3.59). This is often the first step before a larger trend reversal develops.
Key levels to watch:
• 6.30 - 6.37 → immediate breakout zone
• 6.80 - 7.00 → next major resistance area
• 8.00 → psychological breakout level
• 12.59 → Weekly MA99 resistance
If price manages to hold above 6.3, a move toward 6.8-7 becomes increasingly likely. A successful breakout there could open the door for a larger expansion toward 8-10.
The most important observation from the weekly chart is that the market remains far below the Weekly MA99 at 12.59. If momentum continues building and buyers reclaim higher resistance levels, there is significant room for upside before encountering major long-term resistance. For now, maintaining strength above the 4H and 1H moving averages remains the key signal that the recovery trend is intact.

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