Market Overview for Injective/Tether (INJUSDT)

Summary
• Price action shows bearish reversal at 4.96 and bullish continuation near 4.90 on key 5-minute levels.
• RSI indicates overbought territory above 4.99, suggesting short-term exhaustion.
• Volume and turnover align well with price surges, with no major divergence observed.
• Bollinger Band expansion highlights increased volatility in the final hours.
• A bullish engulfing pattern emerged at 4.90–4.91, potentially signaling short-term support.

Injective/Tether (INJUSDT) opened at 4.90 on 2025-12-15 12:00 ET, reached a high of 5.03, a low of 4.84, and closed at 5.01 on 2025-12-16 12:00 ET. Total volume for the 24-hour window was approximately 732,198.26, with notional turnover of around $3,656,164.

Structure & Formations

Price action on the 5-minute chart revealed several key pivot levels. A bearish reversal was observed as INJUSDT declined from 4.96 to 4.90 over three consecutive bearish candles. A bullish engulfing pattern emerged at 4.90–4.91, which may offer near-term support. On the hourly chart, 4.92 and 4.96 appear as strong resistance and potential breakout levels.

Moving Averages

Short-term 20 and 50-period moving averages on the 5-minute chart suggest a slight bullish tilt after crossing above 4.95. On the daily chart, the 50, 100, and 200-period moving averages appear closely aligned, indicating a potential continuation of the current sideways-to-bullish bias.

Momentum Indicators

MACD showed a positive crossover in the early morning hours, supporting bullish momentum around 4.95. RSI reached overbought levels above 4.99, suggesting potential short-term pullback or consolidation.

There was no major divergence observed between price and RSI during the 24-hour period.

Volatility & Bollinger Bands

Bollinger Bands expanded significantly in the final hours, reflecting heightened volatility as price pushed above 5.01. Price spent much of the session within the upper half of the band, indicating a bullish bias.

Volume & Turnover

Volume and turnover were closely aligned with key price movements, particularly during the morning and early afternoon. A large volume spike occurred at 4.90–4.91, coinciding with a bullish engulfing pattern, suggesting strong buyer participation.

Fibonacci Retracements

On the 5-minute chart, key Fibonacci levels at 38.2% (4.92) and 61.8% (4.96) were tested multiple times, with 4.96 holding as a key level of interest. Daily chart retracements suggest the 4.90–4.96 range may remain pivotal in the near term.

Market activity appears to be consolidating around 5.01 with clear support at 4.90–4.91. A breakout above 5.03 could signal further bullish momentum, while a pullback below 4.96 may trigger short-term bearish pressure. Investors should remain cautious about potential overbought conditions and volatility shifts in the next 24 hours.