The post INJ Weekly Analysis Jan 23 appeared on BitcoinEthereumNews.com. Although INJ closed the week up 1.11% in a narrow range ($4.47-$4.71), it is positionedThe post INJ Weekly Analysis Jan 23 appeared on BitcoinEthereumNews.com. Although INJ closed the week up 1.11% in a narrow range ($4.47-$4.71), it is positioned

INJ Weekly Analysis Jan 23

5 min read

Although INJ closed the week up 1.11% in a narrow range ($4.47-$4.71), it is positioned in a critical consolidation phase with its main downtrend structure and bearish momentum indicators. The market structure will clarify at decisive points like above $4.75 resistance; BTC’s sideways movement continues to pressure altcoins.

INJ in the Weekly Market Summary

INJ closed the week at $4.66, recording a 1.11% upward movement, but this superficial gain reflects a consolidation week limited by the trading range of $4.47-$4.71. Volume profile remained mediocre at $28.77M, while the primary trend is confirmed as downtrend. RSI at 42.78 is in the neutral-bearish zone, MACD gives a bearish signal with a negative histogram, and price remains below EMA20 ($4.95). In the big picture, the question of whether INJ is accumulating or distributing within the long-term downtrend is extremely important; in the macro context, BTC’s sideways trend and bearish supertrend present a cautious outlook for altcoins. This week, critical supports were tested for INJ detailed spot analysis, while INJ futures market data signaled preparation for volatility.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure shows a clear downtrend character; on the weekly chart, the higher highs and higher lows structure has broken down. Price is trading below critical moving averages like EMA20 and EMA50, while remaining under the $5.66 trend filter resistance. From a market cycle perspective, the distribution phase appears complete after the peaks at the end of 2025, and now a correction phase supported by consolidation is observed. Breaking this structure requires a move above $5.26 resistance; otherwise, the downtrend remains intact, with high risk of slippage toward the $4.16 main support. From a portfolio manager’s perspective, this trend structure makes patience and confluence waiting mandatory for position trades.

Accumulation/Distribution Analysis

Accumulation/distribution patterns give mixed signals in the weekly summary: The narrow range ($4.47-$4.71) carries accumulation phase characteristics, but low volume and bearish MACD make distribution risk dominant. Volume profile at $28.77M points to POC (Point of Control) around $4.60, while Wyckoff methodology tests the lower boundary of the accumulation box at $4.16. Distribution patterns emerging: High-volume rejection observed at $4.75, implying smart money may be closing positions. In the long-term horizon, transition to accumulation phase is conditional on volume increase and BTC-supported rally; currently, distribution characteristics dominate.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, INJ shows 2 support/2 resistance confluence among 9 strong levels: $4.47 (score 64/100) held as support, but RSI at 42.78 is approaching oversold. MACD with bearish crossover confirmation is short-term bearish, price below EMA20. Critical confluence at $4.75 resistance (score 81/100); this could form a daily higher low or open the door to breakdown. For INJ and other analyses, the daily view could gain momentum toward $4.16 if $4.47 breaks.

Weekly Chart View

On the weekly chart, resistance-heavy view with 2 support/3 resistance confluence: $5.26 (62/100) and $5.66 as main barriers, upside objective $7.34 (31/100) distant. Trend intact as long as above $4.16; downside risk $2.03 (22/100). Market phase between accumulation/distribution, but no bullish shift without weekly close above $4.75 with bearish supertrend filter. Multi-timeframe confluence highlights the $4.75 pivot for position trades.

Critical Decision Points

Main supports: $4.1600 (68/100) – last defense for downtrend, breakdown triggers downside cascade to $2.03. $4.4696 (64/100) intermediate support, weekly low here. Resistance pivots: $4.7544 (81/100) – most critical inflection point, breakout brings weekly bullish shift. $5.2621 (62/100) secondary target. These levels will define market structure; since confluence scores are high, stop-losses should be positioned accordingly. Strategic R/R upside $7.34 / downside $2.03 around 1:2.5, attractive in bearish scenario.

Weekly Strategy Recommendation

In Upside Case

Weekly close above $4.75 activates bullish scenario: First target $5.26, then $5.66 trend filter. Long positions entry around $4.60 POC, stop below $4.47. Allow rally to upside objective $7.34, BTC above $92k supportive. Position sizing max 2-3%, trailing stop with EMA20.

In Downside Case

Break of $4.47 or $4.16 confirms bearish: Short entries on $4.47 breakdown, targets $4.16 and $2.03. Stop above $4.75. Downtrend intact, distribution phase continues; BTC below $89k supportive. Risk management critical, target R/R 1:3.

Bitcoin Correlation

INJ shows high correlation with BTC; while BTC is sideways at $90,750, altcoin pressure persists. BTC key supports $89,096 / $87,611 / $84,681 – drop here accelerates INJ $4.16 test. Resistances $92,284 / $94,436 – breakout triggers INJ upside. BTC dominance and bearish supertrend caution: INJ independent movement difficult, longs risky without BTC above $92k.

Conclusion: Key Points for Next Week

Next week focus: $4.75 resistance and $4.47/4.16 supports – weekly close dependent on these. BTC $89k-$92k range determines INJ volatility. Watch for volume increase and RSI divergence; downtrend dominant, bullish shift conditional on confluence. Position traders be patient, stay tuned for INJ and other analyses.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/inj-weekly-analysis-january-23-2026-market-structure-and-strategic-outlook

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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Photo by Pierre Borthiry - Peiobty on Unsplash Cryptocurrency APIs are essential tools for developers building apps (e.g. trading bots, portfolio trackers) and for analysts conducting market research. These APIs provide programmatic access to historical price data, real-time market quotes, and even on-chain metrics from blockchain networks. Choosing the right API means finding a balance between data coverage, update speed, reliability, and cost. In this article, we compare five of the most popular crypto data API providers — EODHD, CoinMarketCap, CoinGecko, CryptoCompare, and Glassnode — focusing on their features, data types (historical, real-time, on-chain), rate limits, documentation, and pricing plans. We also highlight where EODHD’s crypto API stands out in this competitive landscape. Overview of the Top 5 Crypto Data API Providers
  1. EODHD (End-of-Day Historical Data) — All-in-One Multi-Asset Data EODHD is a versatile financial data provider covering stocks, forex, and cryptocurrencies. It offers an unmatched data coverage with up to 30 years of historical data across the global For crypto, EODHD supports thousands of coins and trading pairs (2,600+ crypto pairs against USD) and provides multiple data types under one service. Key features include:
Historical Price Data: Daily OHLCV (open-high-low-close-volume) for crypto assets, with records for major coins going back to 2009 eodhd.com (essentially as far back as Bitcoin’s history). This extensive archive facilitates long-term backtesting. Real-Time Market Data: Live crypto price quotes via REST API and WebSocket. EODHD’s “Live” plan delivers real-time (typically streaming) updates with high rate limits (up to 1,000 requests/minute on paid plans) Developers can also use bulk API endpoints to On-Chain & Fundamental Data: While not an on-chain analytics platform per se, EODHD provides crypto fundamental metrics such as market cap (actual and diluted), circulating/total/max supply, all-time high/low, and links to each project’s whitepaper, block explorer These fundamentals give context beyond price, though advanced on-chain metrics (e.g. active addresses) are not included. Additional Features: EODHD stands out for its ease of use and support tools. API responses are clean JSON by default (with an option for CSV), and the service offers no-code solutions like Excel and Google Sheets add-ons to fetch crypto data without programming Comprehensive documentation and an “API Academy” with examples help users get started EODHD also provides 24/7 live customer support, reflecting its 7+ years of reliable service Pricing & Limits: EODHD’s pricing is very competitive for the value. It has a free plan (registration required) which allows 20 API calls per day for trying out basic Paid plans start at $19.99/month for end-of-day and live crypto data, allowing up to 100,000 calls per day— a generous limit that far exceeds most competitors at that price. The next tier ($29.99/mo) adds real-time WebSocket streaming, and the top All-in-One plan ($99.99/mo) unlocks everything (historical, intraday, real-time, fundamentals, news, etc.) All paid plans come with high throughput (up to 1,000 requests/min) Enterprise or commercial licenses are available for custom needs, and students can even get 50% discounts for educational Overall, EODHD offers an excellent price-to-performance ratio, giving developers extensive crypto (and cross-asset) data for a fraction of the cost of some single-purpose crypto APIs. 2. CoinMarketCap — Industry-Standard Market Data CoinMarketCap (CMC) is one of the most well-known cryptocurrency data aggregators. It provides information on over 10,000 digital assets and aggregates data from hundreds of CMC’s API is a go-to choice for current market prices, rankings, and exchange statistics. Key features include: Real-Time Quotes & Global Metrics: The API offers real-time price quotes, market capitalization, trading volume, and rankings for thousands of cryptocurrencies. It also provides global market metrics like total market cap, total volume, Bitcoin dominance, etc., updated (CMC’s data updates roughly every 1–2 minutes by default; true streaming is not yet available via their API.) Historical Data: Paid tiers unlock access to historical price data. CMC has data going back to 2013 for many assets, and enterprise plans provide all historical OHLCV data since 2013.The API endpoints include daily and even intraday historical quotes, but note that the free tier does not include historical price retrieval(free users get only latest data). Exchange and Market Endpoints: CoinMarketCap’s API covers exchange-level data (e.g. exchange listings, trading pair metadata, liquidity scores) and derivative market data (futures, options prices) on higher plans. 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The Hobbyist plan starts at around $29/month (paid annually) and offers a higher monthly call allowance (e.g. ~50,000 calls/month) and more endpoints. Mid-tier plans like Startup ($79/mo) and Standard ($199/mo) increase the rate limits and data access — e.g., more historical data and additional endpoints like derivatives or exchange listings. For example, Standard and above allow intraday historical quotes and more frequent updates. Professional/Enterprise plans ($699/mo and up, or custom) provide the highest limits (up to millions of calls per month), full historical datasets, and SLA . Rate limits on CMC are enforced via a credit system; different endpoints consume different credits, and higher plans simply grant more credits per month. In summary, CoinMarketCap’s API is very robust but can become expensive for extensive data needs — it targets enterprise use cases with its upper tiers. Smaller developers often stick to the free or Hobbyist plan for basic data (while accepting the lack of historical data in those tiers) 3. CoinGecko — Broad Coverage & Community Focus CoinGecko is another hugely popular cryptocurrency data provider known for its broad coverage and developer-friendly approach. CoinGecko’s API is often praised for having a useful free offering and covering not just standard market data but also categories like DeFi, NFTs, and community metrics. Notable features: Wide Asset Coverage: CoinGecko tracks over 13,000 cryptocurrencies (including many small-cap and emerging tokens). It also includes data on NFT collections and decentralized finance (DeFi) tokens and protocols. This makes it one of the most comprehensive datasets for the crypto market. If an asset is trading on a major exchange or DEX, CoinGecko likely has it listed. Market Data and Beyond: The API provides real-time price data, market caps, volumes, and historical charts for all these assets. Historical data can be retrieved in the form of market charts (typically with daily or hourly granularity depending on the time range). Additionally, CoinGecko offers endpoints for exchange data, trading pairs, categories (sectors), indices, and even asset contract info (mapping contract addresses to CoinGecko listings). They also expose developer and social metrics for each coin — e.g. GitHub repo stats (forks, stars, commits) and social media stats (Twitter followers, Reddit subscribers) This is valuable for analysts who want to gauge community interest or development activity alongside price. No WebSockets — REST Only: CoinGecko’s API is purely REST-based; there is no built-in WebSocket streaming. Data updates for price endpoints are cached at intervals (typically every 1–5 minutes for free users, and up to every 30 seconds for Pro users). So while you can get near-real-time data by polling, ultra-low-latency needs (like high-frequency trading) are better served by other providers or exchange-specific APIs. Documentation & Use: The API is very straightforward to use — in fact, for the free tier no API key was required historically (though recently CoinGecko introduced an optional “Demo” key for better tracking). A simple GET request to an endpoint like /simple/price returns current prices. CoinGecko’s documentation is clear, and they even highlight popular endpoints and provide examples. Because of its simplicity and generous free limits, CoinGecko’s API has been integrated into countless projects and tutorials. Pricing & Limits: CoinGecko operates a freemium model. The free tier (now referred to as the “Demo” plan) allows about 10–30 calls per minute (the exact rate is dynamic based on system load) In practical terms, that’s roughly up to 1,800 calls/hour if usage is maxed out — very sufficient for small applications. 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