INJ drops 10.33% to $7.43, tests key support levels
- —INJ fell 10.33% to $7.43, still up 36.92% over 30 days
- —Price sits below SMA-5, SMA-10, SMA-20 and VWAP of $7.79
- —Daily volume of $126.62M is 5.74% below the 30-day average
- —RSI at 51.5 and bearish MACD histogram signal neutral-to-bearish momentum
Why it matters: INJ's slide mirrors broader altcoin pressure from hot CPI; holding the SMA-50 and SMA-200 will decide whether this is a correction or a trend reversal.
Source: DiarioBitcoin