INJ Holds Near $8 After CypherOS Announcement, RSI Signals Overbought
- —INJ trades near $8, down 30.03% from $11.42 a year ago
- —RSI at 72.9 signals technical overbought after the rally
- —Injective ranked first in daily commits with 56 in 24 hours
- —Price sits above all SMAs, including SMA-200 at $4.61
Why it matters: A genuine fundamental catalyst meets overbought conditions, making a pullback toward SMA-7 at $7.65 likely before any further advance.
Source: DiarioBitcoin