The post INJ Technical Analysis Jan 29 appeared on BitcoinEthereumNews.com.

INJ under pressure at $4.33. Nearby resistance at $4.36 is critical, weak supports dominate below. Bearish momentum in focus for 24-48 hours. Short-Term Market Outlook INJ is trading at $4.33 as of the morning of January 29, 2026, showing a negative picture with a %2.63 drop in the last 24 hours. Intraday range squeezed between $4.31-$4.54, but with volume limited at $33.41M, downward pressure is felt. Short-term trend in a clear downtrend; price positioned below EMA20 ($4.43). RSI at 39.49 approaching oversold but not yet giving recovery signals. MACD histogram negative and Supertrend pointing to $4.63 resistance. In the 24-48 hour window, upward movements may remain limited; high risk of quick slips due to weak supports below. Scalping opportunities for active traders can be sought at resistance tests, but overall bias is bearish. Intraday Critical Levels Nearby Support Zones No strong short-term support level (score >=60), leaving INJ vulnerable. Closest watch point is intraday low $4.31; below here, a quick slip to $4.20 is possible. Wider 24-48 hour target at $3.6845 (score 0) on radar, but for intraday, $4.25-$4.28 zone as temporary buffer to monitor. Quick invalidation of these levels (e.g., 15min candle close) could trigger downward momentum. Nearby Resistance Zones Most critical resistance at $4.3593 (score 82/100), followed by $4.5389 (72/100) and $4.8305 (66/100). If price tests $4.36, it could offer quick short opportunities for scalping. $4.54 intraday high, but Supertrend at $4.63 caps the upper band. Break of these resistances (with consecutive 5min candles) activates upside scenario, otherwise rejection likely. Momentum and Speed Analysis Momentum bearish; MACD negative histogram widening, RSI under pressure below 39. Speed analysis (momentum oscillators) shows downward acceleration, especially staying below EMA20. This structure supported by declining volume preserves downtrend channel on 1H and 4H timeframes. For scalping, watch momentum divergences: Bullish RSI divergence…

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Filed under: News - @ January 29, 2026 10:21 pm