Injective (INJ) drops 5.39% to $6.95, tests technical support
- —Price at $6.95 with a 5.39% daily drop; volume at $141.17 million
- —RSI at 46.8 and a bearish MACD point to weak momentum
- —SMA-50 at $6.34 and SMA-200 at $4.92 are the key technical references
- —No specific catalyst for the decline has been identified
Why it matters: INJ still holds above its long-term averages, but losing the short-term SMAs raises the risk of a slide toward $6.34.
Source: DiarioBitcoin