Injective drop reaches 12.4%, temporarily at $5.53.
Before the interest-rate decision meeting, capital is cautious, and high-Beta altcoin assets face concentrated sell pressure. The overall AI narrative L1 blockchain sector is weak; as market sentiment cools, some assets that surged earlier also show more pronounced pullbacks.
Bearish reasons: In a liquidity contraction phase, highly leveraged, highly narrative-driven assets often absorb selling pressure first. $INJ #INJ
Before the interest-rate decision meeting, capital is cautious, and high-Beta altcoin assets face concentrated sell pressure. The overall AI narrative L1 blockchain sector is weak; as market sentiment cools, some assets that surged earlier also show more pronounced pullbacks.
Bearish reasons: In a liquidity contraction phase, highly leveraged, highly narrative-driven assets often absorb selling pressure first. $INJ #INJ