The analysis focuses on the INJ/USDT pair, primarily on the 4-hour timeframe, noting a current price point around $5.50. The asset is actively testing Fibonacci support, which is identified within the $3.70 to $6.16 range. Conversely, resistance is present between $7.17 and $9.36. The prevailing market sentiment is characterized by a notable absence of strength, implying a continuation of the corrective phase. The overall correction, initiated by a flash crash on October 10th and followed by a brief recovery, has extended for several months. The analyst suggests a potential B-wave bounce, but highlights the lack of evidence for the overall correction's conclusion. A critical juncture is a price breach below $3.70, which would precipitate a significantly larger correction, as this level represents standard support for a Wave 2. The analyst explicitly states that the local trend remains downward, classifying the current market condition as a 'falling knife'. The historical context from the daily chart reveals that the asset has been in a prolonged bearish phase, akin to a bear market, for over a year and a half, experiencing a drawdown of approximately 95%, consistent with previous market cycles. Given the sustained bearish momentum and lack of immediate strength, the predicted trend is a continuation of the downside, with an inferred target price at $3.70. This bearish prognosis would be invalidated should the price definitively break above $7.17, signaling a potential shift in market dynamics.