Robinhood has included the Inj token INJ in the list of transactions, but this time it did not lead to a significant price increase. According to external sources, the current state of INJ's rearrangement after the previous rebound is more of a concern than the above-mentioned currency news, as well as the repositioning of the vicinity of $5.

The currency message did not lead to a significant increase

Robinwood said on platform X that the user could already trade INJ on that platform. As one of the larger encryption trading platforms in the United States, the currency quoted in Robinwood usually increases the visibility and reach of the tokens.

However, in terms of market performance, INJ did not show the common “upper currency or uplift” trend of traders. According to the article, this indicates that short-term speculation did not focus on the news and that the overall market sentiment remained cautious.

We'll go back and clean up.

INJ fell to the vicinity of $3 in April, then rebounded and rose to about $7.30 in early June. However, when more resistance was encountered in this position, the price fell back.

By late June, INJ had returned to the area of $4, and the overall movement had shifted from a quick rebound to an interpolation. According to external sources, this means that the current structure is closer to the shock than the confirmed new upward trend.

  • The low of April is about $3.
  • At the beginning of June, the height was about $7.30.
  • Back in late June around $4.

Short-line focus around $5.

According to the article, the focus of the next market was on whether INJ could re-establish the 200-day moving mean. The position is roughly in the vicinity of $5 and is considered to be an important resistance at this stage.

If the price is effectively below this level, INJ may retest the $7 area; if the purchase continues to increase, the higher target may be near $14. On the contrary, if the $5 line is delayed, the sales pressure may increase again and the price may look back at the three-dollar support areas.

On the whole, Robinhood has increased the availability of INJ transactions this time, but whether short-line prices are out of order depends on the ability of subsequent buys to push through key resistance.