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Summary
• Price surged from $4.347 to $4.881, forming bullish engulfing and strong breakout patterns.
• RSI indicates overbought territory near 4.881, with momentum diverging slightly in late trading.
• Volume spiked during the final 5 hours, with turnover confirming the upward move.
• Bollinger Bands expanded, showing rising volatility and key levels at 4.76 and 4.614.
• Fibonacci retracements highlight 4.715–4.754 as potential consolidation zones.
Injective/Tether (INJUSDT) opened at $4.347 at 12:00 ET − 1 and closed at $4.806 by 12:00 ET, reaching a high of $4.881 and a low of $4.347. The 24-hour volume was 352,796.83 INJ, with a notional turnover of $1.67 million.
Structure and Candlestick Patterns
Price broke above key resistance at $4.614 and $4.715 with strong bullish engulfing patterns and a late-day hammer near the session high. A large bullish candle on the 5-minute chart confirmed the breakout, with a doji near $4.791 hinting at short-term indecision.
Moving Averages and Momentum Indicators
Short-term moving averages (20/50-period on the 5-minute chart) have surged above the price action, confirming the upward trend. RSI reached overbought territory above 70 during the late morning, while the MACD showed a bullish crossover and rising histogram.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the afternoon, with price reaching the upper band near $4.881.

Volume and Turnover Confirmation
The largest volume spike occurred at $4.854, where price consolidated before moving higher. Turnover aligned with the price move, showing no divergence. The final hour saw heavy buying pressure, with volume exceeding 11,000 INJ in key bullish candles.
Fibonacci Retracements
Key Fibonacci levels for the 5-minute move were confirmed at 38.2% (4.715), 50% (4.754), and 61.8% (4.791). On the daily chart, the 61.8% retracement at $4.81 appears to be a potential short-term ceiling.
Price appears poised to test the $4.85–$4.90 range, with strong support at $4.715. Investors should monitor RSI for potential overbought exhaustion and watch for a pullback into consolidation zones. Divergence in momentum could signal a retest of key support levels within the next 24 hours.
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