$INJ /USDT Price Action: The Dive Continues
The INJ/USDT trading pair is currently at 5.43, marking a -5.07% drop.
* 24h High/Low: The price ranged from a high of 6.11 to a low of 5.30.
* Volume: Trading volume in the last 24 hours stands at 1.52M INJ and 8.66M USDT.
* Moving Averages (MA) Crossover: The price has decisively broken below all major displayed moving averages:
* MA(7): 5.51
* MA(25): 5.64
* MA(99): 5.64
* Momentum Shift: Following a sharp peak around 6.19 and a brief recovery, the red candles dominate, indicating strong selling pressure has overwhelmed previous support levels, driving the price toward the 24h low.
The market is showing extreme volatility as the price is rapidly testing and breaking key levels, signaling potential for further downside momentum.
Would you like a brief explanation of what the moving averages might signify in this context?
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