Injective (INJ) Price Analysis
Injective (INJ) has seen significant volatility over the past week as buyers attempt to push the price above $27 and sellers look to drive it below the moving averages. INJ started the previous week on a bullish note, rising almost 5% to settle at $26.89. However, with sellers active at this level, INJ dipped nearly 9%, falling to an intraday low of $23.47 before recovering and settling at $24.50. INJ registered a substantial increase in volatility on Wednesday as it surged to an intraday high of $27.08 and fell to an intraday low of $22.34 before settling at $24.15. Buyers attempted a recovery on Thursday, pushing INJ to an intraday high of $25.87. However, they lost momentum after reaching this level, and sellers took control, driving the price down by 3.62% to $23.27.
Source: TradingView
Despite overwhelming selling pressure, INJ recovered on Friday, rising by 5.66% and settling at $24.59. Bullish sentiment persisted on Saturday with INJ rising just over 5% and settling at $25.84. INJ surged to an intraday high of $27.20 on Sunday as buyers attempted to break past the resistance. However, sellers overwhelmed buyers, and INJ fell back in the red, dropping by 5.02% and settling at $24.54. The current week began positively, as buyers returned to the market, helping INJ register an increase of 4.78% and settle at $25.72. INJ is marginally down during the ongoing session as buyers and sellers struggle to establish control