$INJ
INJ is trading in the low $3s, down significantly from its all-time high in 2024 (~$50+), reflecting broad crypto market weakness and a long consolidation phase.
Price remains below key moving averages, with technical indicators showing bearish or oversold conditions, suggesting trend pressure but potential for short-term bounces.
2. Technical Signals
RSI and some oscillators show oversold regions, indicating possible short-term support but not confirmed trend reversal.
Key support zones appear around ~$2.80–$3.00; break below these might push lower into deeper consolidation.
3. Fundamentals & Network Activity
Injective’s blockchain activity and transactions are strong, with recent milestones in on-chain metrics and ecosystem growth, including upgrades and deflationary tokenomics proposals.
The project’s architecture targets DeFi, derivatives, and cross-chain apps — fundamental adoption is better than price suggests, but broader market sentiment is the dominant driver.
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