Injective (INJ) slides to $7.87 as altcoins lose ground
- —INJ at $7.87, sitting near its 30-day SMA
- —Volume $122.1 million, 9.27% below the 30-day average
- —RSI at 50.2 and bearish MACD point to weak short-term momentum
- —INJ up 48.68% over 90 days but down 13.71% over seven days
Why it matters: The drop reflects rotation into BTC and broad liquidations rather than an Injective-specific problem; a rebound needs volume confirmation.
Source: DiarioBitcoin