$INJ Yesterday surged up 12% to $5.1, and the whale addresses moved too. This morning it got smashed back to $4.67, with volume only $7M—compared with yesterday’s $144M. This is called a washout.
$4.70–$4.80 is the lower edge of the dense zone from the past two weeks. If it dips to this level but doesn’t break and volume shrinks, then selling pressure is basically cleared. CoinStats says FDV equals market cap, with no unlocked sell pressure, and the volume/market-cap ratio is 29.5%, indicating that yesterday’s move was real money.
“Should fall but doesn’t” is healthier than just straight V-ing up. As long as $4.70 holds and turnover among the chips is sufficient, the next stop is $5.2–$5.4. Break below $4.50 before talking—don’t be stubborn in the short term.
#行情分析 #链上数据 #DeFi
$4.70–$4.80 is the lower edge of the dense zone from the past two weeks. If it dips to this level but doesn’t break and volume shrinks, then selling pressure is basically cleared. CoinStats says FDV equals market cap, with no unlocked sell pressure, and the volume/market-cap ratio is 29.5%, indicating that yesterday’s move was real money.
“Should fall but doesn’t” is healthier than just straight V-ing up. As long as $4.70 holds and turnover among the chips is sufficient, the next stop is $5.2–$5.4. Break below $4.50 before talking—don’t be stubborn in the short term.
#行情分析 #链上数据 #DeFi