#Injective🔥

Injective (INJ) fell by 1.44% in the last 24 hours, in line with its 30-day downtrend (-24.34%) and the overall weakness of altcoins. Key factors:

Risk aversion sentiment across the market: Bitcoin's dominance increased to 58.7% while the cryptocurrency fear and greed index reached 20/100 ("Extreme Fear").

Liquidity crisis: the spot trading volume fell by 30.7% across the sector, amplifying the low daily volume of $45.7 million for INJ.

Technical resistance: a failed breakout attempt at the $7 resistance (Fibonacci level 38.2%) triggered a profit-taking.