#数字资产市场洞察 INJ Trading Opportunity Analysis - Bottom Rebound Signal Emerges

Let's talk about the INJ project today. The current price is around $4.703, with a fully circulated market value of $470 million. As a native Layer 1 public chain in the Cosmos ecosystem, Injective focuses on decentralized perpetual contracts and spot trading, which is quite interesting.

From the protocol level, a daily fee of $1,305 is generated, which is not a large income scale, but there is a detail here - the institutional holding ratio is as high as 91.25%, of which the protocol's cross-chain bridge holds 82.76%. Such a robust structure indicates that large funds have a relatively optimistic outlook on this chain in the long term.

**Transaction and Position Status**

In terms of spot trading, the 24-hour trading volume is $32M, which is medium-sized. The perpetual contracts have already connected to mainstream exchanges, with a total open interest of $56.9M, which has decreased by 12.15% in the last 24 hours — this is actually a good sign, as the reduction in leverage indicates that aggressive funds from earlier are exiting, increasing the probability of bottom stabilization.

In terms of funding rates, it currently maintains a positive range of 0.0057%-0.01% (calculated over an 8-hour period), where the bulls need to pay fees, but the extent is completely controllable. What does the liquidation data reveal? In the past 24 hours, long liquidations amounted to $102k, while short liquidations were only $8.5k. In other words, those who followed the trend and chased the rise earlier have been washed out, and the current price is relatively safer.

**The Story of Technical Analysis**

On the 1-hour chart, the price has recently broken through the upper Bollinger Band at $4.698, with an RSI of 62.0, which is a typical healthy bullish range. The MACD histogram remains positive, and a golden cross has just formed between EMA12 and EMA26, indicating some short-term momentum.

But the 4-hour chart gives us different information. The RSI is at 48.9, returning to neutral, and the price is stuck between the middle and lower bands of the Bollinger Bands (middle band at $4.717, lower band at $4.520). This segment of EMAs is tightly clustered between $4.665 and $4.714, forming a multiple support zone.

The daily chart is the most interesting part—RSI at 37.8 is obviously oversold, and the price is close to the lower Bollinger Band at $4.310. All moving averages (EMA12 at $4.916, SMA50 at $5.944) are suspended above, what does this mean? It means that the rebound space at the daily level has been greatly compressed, and once the rebound starts, the potential is considerable.

**Trading Plan Reference**

If you want to participate in this wave:

**Direction**: Bullish | **Leverage**: 3-5x (Considering the uncertainty of a daily oversold rebound, I suggest not to be too greedy) | **Entry**: $4.68-$4.72 range, the current position can directly market order, or place a limit order to wait for a pullback near the 4-hour EMA12 | **Stop Loss**: $4.50 (below the 4-hour Bollinger Band lower band, about 4-5% stop loss space) | **First Target**: $5.00 (psychological round number, profit of about +6.4%) | **Extended Target**: $5.20 (middle band position of the daily Bollinger Band, potential +10.6%)

Risk-reward ratio of 1.50, suitable for traders with moderate risk appetite. The core logic is that institutional positions are stable, the daily line is oversold with rebound momentum, and the spot trading volume and position data are aligned, with these three dimensions corresponding relatively.

Risk Warning: Leverage trading is risky; do your homework before entering.