INJ Potential Rebound?INJ/USD Tether SpotBINGX:INJUSDTOrkhestraINJ is currently trading around $7.24 after breaking below its ascending trendline and losing the 38.2% Fibonacci level near $7.35. The overall short-term structure has turned bearish, with price forming lower highs and trading below its short-term moving averages. Looking for a potential rebound towards $7.35, although failure to reclaim this level could see price retracing further towards our first buy zone around $6.60–$6.80, which aligns with the 50% Fibonacci retracement. If this zone fails to hold, the next potential buy zone sits around $5.85–$6.05, aligning with the 61.8%–65% Fibonacci levels. Prefer to wait for a bullish reaction and structure confirmation before considering an entry, with stop loss placed below the relevant support or liquidity sweep. A sustained recovery above $7.35 would improve the short-term outlook, while a breakdown below $5.85 could expose further downside.