Market Overview for Injective/Tether (INJUSDT) – 24-Hour Analysis

Summary
• Price surged from $4.44 to $4.71 on strong late-day buying, closing at $4.675 amid bullish momentum.
• A key resistance at $4.68–$4.71 appears significant, with a potential pullback into the $4.63–$4.65 support zone likely.
• Volume and turnover both spiked during the late-ET rebound, suggesting institutional buying interest.
• RSI reached overbought territory late in the session, hinting at near-term profit-taking or consolidation.
• Bollinger Bands showed a contraction before the breakout, indicating a potential shift in volatility.
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Injective/Tether (INJUSDT) opened at $4.44 on 2025-12-25 12:00 ET and closed at $4.675 by 12:00 ET on 2025-12-26, reaching a high of $4.71 and a low of $4.431. Total volume for the 24-hour window was 335,870.07 INJ, with notional turnover of $1.56 million.

Price Action and Structure

The pair formed a clear bullish reversal structure from the $4.44 low, with a strong breakout above the $4.68–$4.71 resistance cluster. Key support levels include the $4.63–$4.65 area and $4.59–$4.61, both of which were tested with relative strength. A large bullish engulfing pattern formed near the $4.65–$4.68 level, reinforcing the breakout.

Momentum and Indicators

RSI surged into overbought territory, reaching 74 in the final hours of the session, suggesting potential short-term profit-taking. The MACD crossed into positive territory and showed strengthening bullish divergence, with both the line and signal line trending higher. Bollinger Bands had narrowed sharply before the breakout, indicating a possible shift in volatility and a higher probability of continuation.

Volume and Turnover Dynamics

Volume and turnover increased dramatically after 02:30 ET, coinciding with the price breaking above $4.68. The volume-to-price alignment supports a conviction move higher, with no significant divergence observed. Turnover spiked to $1.5 million in the last 6 hours, indicating increased participation.

Volatility and Fibonacci Levels

Volatility expanded sharply following the breakout, with prices pushing beyond the 61.8% Fibonacci retracement of the earlier $4.43–$4.71 move. The 50-period moving average on the 5-minute chart was crossed above, suggesting short-term bullish bias.

Injective/Tether appears to be consolidating within a well-defined bullish range, with the next 24 hours likely to see a test of $4.71–$4.72 as a potential resistance cap. However, traders should remain cautious of potential profit-taking or consolidation after the strong advance. A breakdown below $4.63 could trigger short-term volatility, increasing risk for long positions.