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Today, the price of Injective (INJ) is roughly around $3.68, in a weak recovery phase after yesterday's sharp decline.
In the last 24 hours, INJ has fallen approximately 6.67%, with a decline of about 17.89% over the past 7 days, indicating a clear downward correction trend.
In the most recent trading day, the price dropped from a high of about $3.93 to a low of about $3.39 before rebounding, currently fluctuating in the range of $3.6 to $3.7.
The current market capitalization is approximately $367 million, with a 24-hour trading volume of about $78.29 million, which translates to about 21.31% of the market cap; short-term trading remains active.
Compared to the historical high, it is currently down about 93.03%, still in a deep retracement zone.
Short-term Significance and Focus
In the short term, INJ is still in a correction zone; today seems more like a technical rebound after yesterday's sharp drop rather than a clear trend reversal.
Trend Structure
Yesterday, it dropped from above $3.9 to about $3.39, with noticeable short-term selling pressure.
Today, it slowly rose from around $3.6 to about $3.68, indicating a weak recovery.
Combined with a nearly 18% drop over 7 days, it still mostly fluctuates within a downward channel.
Trading Activity and Sentiment
With a turnover rate exceeding 20%, it indicates significant divergence between bulls and bears, with frequent inflows and outflows of short-term funds.
The pattern of a significant drop followed by a volume decrease and then a rebound is commonly seen after a concentrated selling pressure has been released, entering an observation period.
If the price subsequently consolidates around $3.6 with gradually shrinking volume, it leans more towards a consolidation; if it breaks down below $3.39 with increased volume, the risk of a 'double bottom' as seen in U.S. stocks increases.
Key Price Levels Reference
Support is focused around $3.4, corresponding to yesterday's intraday low area.
Resistance above is noted in the range of $3.8 to $3.9, close to recent highs and yesterday's drop point.
If it can stabilize above $3.8 with increased volume, it may more likely transition from a 'rebound' to a new rising wave segment.
Overall, today's INJ leans more towards 'post-drop recovery'; there are short-term speculative opportunities, but the larger trend has yet to reverse, with the key focus being on the trading and stabilization situation in the $3.4 to $3.9 range over the next few days.
$INJ
In the last 24 hours, INJ has fallen approximately 6.67%, with a decline of about 17.89% over the past 7 days, indicating a clear downward correction trend.
In the most recent trading day, the price dropped from a high of about $3.93 to a low of about $3.39 before rebounding, currently fluctuating in the range of $3.6 to $3.7.
The current market capitalization is approximately $367 million, with a 24-hour trading volume of about $78.29 million, which translates to about 21.31% of the market cap; short-term trading remains active.
Compared to the historical high, it is currently down about 93.03%, still in a deep retracement zone.
Short-term Significance and Focus
In the short term, INJ is still in a correction zone; today seems more like a technical rebound after yesterday's sharp drop rather than a clear trend reversal.
Trend Structure
Yesterday, it dropped from above $3.9 to about $3.39, with noticeable short-term selling pressure.
Today, it slowly rose from around $3.6 to about $3.68, indicating a weak recovery.
Combined with a nearly 18% drop over 7 days, it still mostly fluctuates within a downward channel.
Trading Activity and Sentiment
With a turnover rate exceeding 20%, it indicates significant divergence between bulls and bears, with frequent inflows and outflows of short-term funds.
The pattern of a significant drop followed by a volume decrease and then a rebound is commonly seen after a concentrated selling pressure has been released, entering an observation period.
If the price subsequently consolidates around $3.6 with gradually shrinking volume, it leans more towards a consolidation; if it breaks down below $3.39 with increased volume, the risk of a 'double bottom' as seen in U.S. stocks increases.
Key Price Levels Reference
Support is focused around $3.4, corresponding to yesterday's intraday low area.
Resistance above is noted in the range of $3.8 to $3.9, close to recent highs and yesterday's drop point.
If it can stabilize above $3.8 with increased volume, it may more likely transition from a 'rebound' to a new rising wave segment.
Overall, today's INJ leans more towards 'post-drop recovery'; there are short-term speculative opportunities, but the larger trend has yet to reverse, with the key focus being on the trading and stabilization situation in the $3.4 to $3.9 range over the next few days.
$INJ
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