Market Overview for Injective/Tether (INJUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 4:00 pm ET1min read
INJ
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Aime RobotAime Summary

- INJUSDT price fell to 5.086, finding support near 5.10-5.15 with a bullish engulfing reversal pattern.

- Final 2.5 hours saw sharp volume spikes and RSI hitting oversold levels, signaling potential short-term buying interest.

- Bollinger Bands contraction followed by a lower band break and Fibonacci levels at 5.25/5.22 highlight key resistance for potential rebounds.

- Traders should monitor a close above 5.15 for confirmed reversal, but bearish momentum risks persist if volume fails to sustain upward movement.

Summary
• Price declined from 5.33 to 5.086, with 5.1–5.15 offering near-term support.
• Volume surged in the final 2.5 hours, signaling potential for a rebound.
• RSI fell to oversold territory near 30, hinting at possible short-term buying interest.
• Bollinger Bands contracted mid-day before a sharp break to the lower band.
• A bullish engulfing pattern formed near 5.1, suggesting a potential reversal.

Injective/Tether (INJUSDT) opened at 5.249 and reached a high of 5.33 before falling to a low of 5.029, closing at 5.086 by 12:00 ET. Total volume was 409,338.25, with notional turnover of $2,139,305.01 in the 24-hour window.

Price Structure and Candlestick Formations


Price followed a bearish trend throughout the session, forming a series of lower highs and lower lows. A key support level appears to have developed around 5.10–5.15, marked by a bullish engulfing pattern that may signal a reversal. The session closed near this level, indicating potential for a short-term bounce.

Momentum and Volatility

RSI dipped into oversold territory near 30 in the final hours of the session, suggesting that further downward momentum could be limited in the short term. MACD turned negative in the afternoon, confirming bearish momentum.
Bollinger Bands showed a contraction in the early hours followed by a sharp expansion and break to the lower band, indicating heightened volatility and a potential turning point.

Volume and Turnover Analysis


Volume remained moderate for most of the day but spiked sharply in the final 2.5 hours, especially between 9:45 and 12:00 ET, as the price dropped to its intraday low. Notional turnover increased in tandem, suggesting increased participation from larger traders. No clear divergence was observed between price and volume, indicating that the bearish move was broadly supported.

Key Fibonacci Levels


Fibonacci retracement levels from the key 5.20–5.33 swing suggest 5.25 (38.2%) and 5.22 (61.8%) as potential resistance levels. A successful rebound from the 5.10–5.15 support could see a test of these levels, especially if volume continues to increase.

Looking ahead, traders may watch for a close above 5.15 to confirm a short-term reversal, but risks remain on the downside if bearish momentum continues. Investors should remain cautious and monitor volume levels for confirmation of any potential bounce.