This week we take a look at the charts of INJ. I see this coin coming back a lot on the socials so I thought let me give my view. We see on the daily downward compression which forms a descending triangle with the support level at 11,186. This is seen as a bearish pattern and the next daily support is at 6.9579. The rsi is also not looking very good for the bulls. It is below the ema and the 50 level and suggests that it might go down a bit further. Whether we actually drop to that level we will see on the lower timeframes.

Daily chart: https://www.tradingview.com/x/mmV9D6O1/

On the 4 hours chart the downward compression can be seen even better. A lower low has also been set. If the bullish breakout at the apex of the triangle is not successful, there is a high probability of a break down. Around 9.50 there is still some local support but as indicated earlier daily support is at 6.9579 USD. The ema's are bearish but the rsi is in neutral zone, above the ema and 50 level. But strong the rsi does not seem to be.

4h chart: https://www.tradingview.com/x/kSDtq4Ef/

The 1h chart was a mess so we grabbed the 2H chart for a change. We see few new insights here. The ema's are also bearish and the ema200 is currently pushing the price down. The rsi is slightly more bullish than on the other timeframes. The test on the ema should start to indicate a direction. Bounce is up, break down is down.

2h chart: https://www.tradingview.com/x/iWcDDiu5/

Conclusion:
It looks like if price is locked in between 11.18 and the breaker at $12.50. One of these two levels needs to be broken and tested back well before we can start to determine a direction. The support zones are currently $11.18 - $9.50 - $6.95. The resistance zones are $12.50 - $14.01 - $17.03.