**Injective Faces Bearish Sentiment Amid Market Downturn**

Injective (INJ) has experienced a significant decline, losing 4.25% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), with respective losses of 5.36% and 3.34%. Currently trading at $19.24, INJ is 23.54% below its predicted price of $25.17 for October 8, 2024.

Despite a 155.72% increase over the past year, the short-term outlook remains bleak. The Fear & Greed index stands at 37, indicating prevalent market fear. With 86% of technical indicators signaling a bearish forecast, investors should exercise caution. Key support levels are $19.44, $18.58, and $17.14, while resistance levels are $21.75, $23.19, and $24.05.