Injective/Tether Market Overview: INJUSDT Gains Momentum Amid Strong Volume and Volatility Expansion

• Injective/Tether (INJUSDT) advanced from $11.60 to $12.48, with a 24-hour high of $12.48 and low of $11.56.
• Strong bullish momentum emerged in the final hours, with a 6.7% 15-minute volume spike at $12.41–12.48.
• Bullish engulfing patterns emerged between 08:45–09:45 ET, confirming a breakout from a $11.98–12.02 consolidation zone.
• MACD crossed above signal line, while RSI approached overbought territory, suggesting high but not saturated momentum.
• Volatility expanded sharply after 08:45 ET, with Bollinger Bands widening, reflecting intensifying buying pressure.

Injective/Tether (INJUSDT) opened at $11.60 on 2025-10-01 at 12:00 ET–1 and closed the 24-hour period at $12.35, with a high of $12.48 and low of $11.56. Total volume reached 808,976.36 INJ, while notional turnover hit $9,659,772.62, indicating a highly active and liquid session. The market showed clear bullish bias, especially in the late morning and mid-afternoon hours.

Structure and formations on the 15-minute chart revealed multiple bullish engulfing patterns and a large-volume bullish breakout above the $12.02 resistance level. This breakout occurred on a high-volume bar at 08:45 ET, where price surged from $11.99 to $12.30, confirming strong institutional participation. Key support levels were observed at $11.94, $11.85, and $11.70, with $11.60 acting as a final floor. Resistance levels were at $12.31–12.38, $12.42–12.48, and $12.50–12.60, which may cap further momentum if buying interest slows.

MACD showed a positive crossover at 08:45 ET, with the histogram turning positive and expanding, indicating rising bullish momentum. RSI, however, approached overbought territory in the final hours, hitting 72–75, suggesting a potential pullback or consolidation may follow. Bollinger Bands widened significantly from 08:45 ET onward, with price staying above the upper band, signaling elevated volatility and aggressive buying.

Volume and turnover were unevenly distributed, with spikes occurring around key breakout levels (e.g., $12.30–12.41). The largest 15-minute volume bar was at 08:45 ET, with 35,986.74 INJ traded and $446,440 in turnover, which confirmed the breakout rather than indicating a reversal. However, price and turnover diverged slightly after 14:00 ET, as price continued to rise but turnover began to wane, suggesting accumulation or short-term profit-taking.

Backtest Hypothesis

If a strategy were backtested using Bullish Engulfing and Breakout Above Resistance on 15-minute candles, with confirmation via MACD crossover and strong volume, it would have triggered a long signal around 08:45 ET. A trailing stop-loss at $12.10 and a target at $12.45 would have captured most of the upward move. However, a tighter stop would have been triggered by the early sell-off around 03:45 ET, highlighting the need for volume filtering to avoid false breakouts. Integrating RSI divergence and Bollinger Band expansion could further refine entry timing and reduce whipsaw risk.