🚨 $INJ INJ’s RWA business is booming, but why is its price falling?
Injective’s RWA perpetuals have crossed $1.1B in YTD volume, with $230M traded in the last 30 days across 135 markets! 🔥
But here’s the catch 👀
INJ dropped from $9.40 to $8.30 as spot selling increased and Open Interest fell 11%, from $205M to $182M. Real selling pressure is something traders shouldn’t ignore.
📈 Bullish scenario: Holding support and reclaiming $9 could open the door to $9.40 and beyond.
📉 Bearish scenario: Continued selling could drag INJ toward $7.50.
Strong ecosystem growth doesn't guarantee an immediate price rally. Watch price action and buying volume before jumping in.
Will INJ recover, or is another dip coming?
#INJ
#Injective
Injective’s RWA perpetuals have crossed $1.1B in YTD volume, with $230M traded in the last 30 days across 135 markets! 🔥
But here’s the catch 👀
INJ dropped from $9.40 to $8.30 as spot selling increased and Open Interest fell 11%, from $205M to $182M. Real selling pressure is something traders shouldn’t ignore.
📈 Bullish scenario: Holding support and reclaiming $9 could open the door to $9.40 and beyond.
📉 Bearish scenario: Continued selling could drag INJ toward $7.50.
Strong ecosystem growth doesn't guarantee an immediate price rally. Watch price action and buying volume before jumping in.
Will INJ recover, or is another dip coming?
#INJ
#Injective