INJ's current trend isn't looking too good. The price is hovering around $5.64 and has already fallen below the 99-hour moving average ( at about 5.69 ). The short-term moving averages have also started to turn downward, which is not a good sign.

The key now is whether it can climb back above the 5.75-5.80 range. If it manages to recover, there's still a chance to challenge the previous highs at 6.00-6.10 (. But if it can't hold the 5.50 support line, then caution is needed—there's a risk of testing the swing low at 5.02 below.

Looking at the volume, there's been significant selling pressure during the pullback. Honestly, until the price stabilizes above the moving averages again, staying cautiously bearish might be the safer approach. In the short term, INJ needs to show some strength to turn things around.