INJ is experiencing a textbook-style stepwise rebound—the current price is hovering around $5.97, firmly standing above the 25-hour and 99-hour moving averages (. This usually means the bulls aren't done yet ), although it's temporarily being capped by the very short-term moving average at $6.00.

Key focus: If it can decisively break through the $6.05–$6.10 threshold, the upside to $6.30–$6.50 opens up (. It previously surged to $6.34 ).

What about support below? Short-term support is at the 25 MA zone of $5.80–$5.93, with a stronger floor at the swing low of $5.02. In terms of volume, there was indeed buying interest during the rally, but it has noticeably quieted down recently. Still, as long as the price holds above those two moving averages, the uptrend structure remains intact. Next, let's see if the bulls can muster more momentum to break through the $6.10 barrier.