{
  "analysis": "INJ/USD Technical Analysis — July 05, 2026\n\nINJ is currently trading around $28.40, consolidating after a sharp recovery from the $21.80 multi-month low printed in late May. Price action over the past three weeks has formed a bullish ascending triangle on the 4H chart, with a flat resistance ceiling near $29.20 and a rising support trendline originating from the June 2 swing low.\n\n**Key Levels:**\n- Immediate Resistance:  $29.20 (triangle top / horizontal supply zone)\n- Secondary Resistance:  $32.50 (February 2026 swing high)\n- Major Resistance:  $36.80 (2025 Q4 distribution zone)\n- Immediate Support:  $27.60 (20-day EMA, confluent with rising trendline)\n- Key Support:  $25.90 (50-day SMA and prior consolidation base)\n- Critical Support:  $21.80 (recent swing low / demand zone)\n\n**Moving Averages:**\nPrice is trading above both the 20-day EMA ($27.58) and 50-day SMA ($25.91), signaling a recovered short-term bullish structure. The 200-day SMA sits at $31.20, acting as dynamic resistance overhead. A golden cross between the 20 and 50-day MAs completed on June 28, a historically positive signal for INJ.\n\n**RSI (14, Daily):** Currently reading 58.4 — comfortably in bullish territory without being overbought. Positive divergence was confirmed at the May low, which preceded the current recovery leg. No bearish divergence visible at current prices.\n\n**MACD (12,26,9 Daily):** Bullish crossover confirmed on June 18. The MACD line (+0.48) remains above the signal line (+0.31) with expanding histogram bars, suggesting upward momentum is intact. Watch for any histogram contraction as a potential early warning near the $29.20 resistance.\n\n**Volume:** Average daily volume has increased ~

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