$INJ /USDT: $5.84, Down 1.85%
High-stakes volatility in the Layer 1/Layer crypto market. INJ/USDT currently trades at $5.84 (Rs 1,643.37), marking a 1.85% decrease. The 24-hour range has seen a high of $6.10 and a low of $5.74.
Key Technical Observations:
* Moving Averages: The price has dropped below both the MA(7) at $5.91 and the MA(25) at $5.98, signaling increasing selling pressure. The MA(99) remains a long-term support anchor at $5.64.
* Recent Action: A sharp reversal from the $6.10 peak has driven the price down, breaking previous support levels.
* Volume: 24h Vol(INJ) is 836,852.17.
The battle lines are drawn: Bulls must defend the $5.70-$5.64 zone to prevent a deeper correction, while bears are aggressively pushing for a test of the MA(99) support. The next few hours are critical.
Would you like a brief analysis on what the MA lines suggest for potential short-term movement?
$INJ #
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