Injective (INJ) Stagnates Ahead of Upcoming Network Upgrade
📉
Layer 1 blockchain Injective (INJ) will launch its Altaris mainnet upgrade in less than 24 hours, aiming to enhance the network’s efficiency and user experience. However, the market response is lukewarm, with INJ’s price dropping by 6% in the past 24 hours despite a 3% increase in trading volume.
The price-volume divergence indicates rising selling pressure and a bearish trend, as confirmed by INJ’s weighted sentiment turning negative at -0.58. This sentiment metric considers market mood and social media discussions, further pointing to the asset's declining price potential.
Analysts note that INJ’s price trading below its 20-day exponential moving average (EMA) suggests a short-term bearish trend. If current bearish momentum continues, INJ could drop to $16.83, a level last approached in December 2023. Conversely, if post-upgrade sentiment becomes bullish, the price could rise to $25.35.
Источник: beincrypto.com ↗
Похожие статьи (43)
INJ Price Is Collapsing: -70% Drop Cements Injective’s Bear Trend
Injective (INJ) Breaks $18 Resistance: Investors Expect Higher Prices
Injective Price and News: INJ Surging 5.93% Brings Confidence To Community, GoodEgg ‘Play-2-Date’ Presale Completes 80% Stage 1
Injective Integrates Fetch.ai And ASI: Why Is INJ Down?
Injective (INJ) Bounces Back: Investor Momentum Sparks 12% Rally
Injective (INJ) Skyrockets 21% As Proponents Weigh In On New Developments
Injective Generated More Revenue Than BNB Chain, Avalanche In Q3 2024, Next $50?
Injective (INJ) Down 20% As Market Retracement Forces Sell-Off
Injective Protocol ($INJ) and Thorchain ($RUNE) - up or down from here?
Market Slip Drags Injective Down 16% Despite Ongoing Developments
Injective Protocol Price Prediction, INJ Faces Resistance As A.I Investors Flock Into Mpeppe (MPEPE) Casino
Injective (INJ) Could Target $25 If It Holds Above This Level
ARB Nears Breakout, INJ Soars: Potential Bull Market Ahead?
INJ Poised For Potential Rally As Key Support And Resistance Hold
Injective (INJ) Bullish Flag Breakout Targets Bold $100 Run
Injective’s INJ pumps by 16% after Upbit listing – Here’s what’s next!
Can Injective Protocol’s Altaris Upgrade Prevent INJ Price from Crash to $10?
Buy Signal Emerges as Injective’s (INJ) Price Hits December 2023 Lows
Injective (INJ) Reaches Local Bottom as Dormant Tokens Change Hands
Injective (INJ) Price Eyes A 40% Surge Amid Bullish Reversal?
Injective (INJ) Price Set for $20 Return Post-Toncoin Integration
Injective Price Prediction 2024 – 2030: Will INJ Price Reclaim $50 This Year?
Injective surges by 18% in 7 Days: Is a new ATH of $100 on the horizon?
Why INJ faltered above $17.50 despite Injective’s breakthroughs
Will Injective rally 214%? What INJ’s key data suggests
Injective surges 18% in 7 days – Is $29 next for INJ?
INJ looks set for a rally to $23 – But watch out for THIS risk!
Injective Price Gains Momentum: Is a 70% Surge on the Horizon?
Injective sparks bullish signals – How much can INJ gain?
Analyzing Injective’s 340% volume surge: Will this push INJ past $24?
Injective (INJ) Price Prediction 2024-2030: Will INJ Price Hit $100 Soon?
Injective Experiences Sharp Price Increase
Injective burns 11,000 INJ tokens: Targeting $51.90 next?
Where to Buy Injective Protocol (INJ) Crypto Coin: Complete Guide
Can Injective surge to $53? INJ needs to meet THIS condition first
Why Injective (INJ) Price Rockets 10% Suddenly?
Injective (INJ) Price Jumps 18%, Eyes To Hit $35 This Uptober?
Can Injective [INJ] reclaim the $35 level, trigger a rally?
Injective (INJ) Eyes 54% Gains, Thanks to Upbit Boost
Analyst Predicts Rising Trends for Injective (INJ) and Altcoin Market
Injective Price Surges Following Upbit Listing
Injective (INJ) Gears Up for Breakout as Bitcoin Halving Approach: Rekt Capital Analysis
Inj Price Volatile Amid Anticipation for Altaris Mainnet Upgrade, Drops to $14.06
