INJ Surges 20% to $7.11, Returning to May High Zone
- —INJ gained 20% in 24 hours and 21% in a week, with most of the rise in a single session
- —Market cap reached about $710 million, daily RSI at 68, price 38% above the 50-day average
- —Futures turnover at $409 million versus $71 million spot, open interest at $160 million
- —Key levels: $7.30–7.40 is May resistance, $4.00–4.10 is the double top's neckline
Why it matters: A breakout above $7.40 would cancel the bearish double-top scenario, while a rejection at $7.30 with a high share of futures could trigger a sharp correction.
Source: Coindoo