INJ rebounded fast from around $4 this week, with a cumulative increase of nearly 45 per cent, and the price was back at $6.00. According to external sources, this round rise is not merely driven by short-term emotions, but is also reinforcing the market ' s interest in INJ as regards the progress of the compliance infrastructure recently disclosed by the project, as well as the deflationary expectations resulting from continued buy-backs.
Progress towards compliance drives market attention
The article mentions that an additional transfer agent milestone related to the United States Securities and Exchange Commission registration system has recently been added to Project. This development does not mean that INJ has received regulatory recognition or that the token itself has been endorsed, but it is seen by the market as part of the project ' s promotion of institutionalization and monetization.
According to the media, after the news was released, INJ recorded an increase of about 8 per cent at one time and continued to rise. This indicates that some of the funds are not seen as a single-day event, but rather continue to adjust the pricing expectations of the project around that progress.
Repurchase and deflation are on the rise.
In addition to the price rebound, another main line of INJ is currently a buy-back mechanism. According to the project, its community buy-back mechanism uses ecological income to buy INJ and to move the relevant coins out of circulation.
According to the article, Inject previously indicated that more than 7 million INJs had been moved out of circulation through deflation mechanisms. A repurchase arrangement of over $168,000 was also circulated in the market this week. At the same time, however, it was noted that this figure had not yet been independently confirmed and would be more appropriate to be considered as a disclosed allocation than as a completed purchase result.
The supply-side performance of INJ may continue to be supported if ecological revenues continue to grow, while market demand rebounds and buys a combination of shrinking flows.
Six dollars is a short-line focus.
In terms of movement, the article argues that INJ has broken the previous downward trend line and is back on the $5 area, with a short-line structure shifting to the top. The most direct resistance currently concentrated in US$ 6 to US$ 6.10.
If the solar line stands in this zone, the market may then be concerned with $6.50 and between $7 and $7.20. If it continues, the 7.50 to $8 area will be the next major stress zone.
However, the close to 45 per cent increase in the week means that prices are more likely to be profitable to throw back. According to the article, US$ 5.40 to US$ 5.50 has become an important support for the return. If prices fall behind, the current rebound structure is expected to continue; if they fail, the price may return to the vicinity of $5 or even $4.80.