#INJ is currently experiencing a bearish trend. Over the past 24 hours, INJ has decreased by 5.8%, trading around $5.40. The candlestick charts reflect a significant downward movement from the $6.00 range, followed by a period of sideways consolidation.
Technical indicators signal a strong sell pressure for INJ, driven by the sharp 5.8% drop and negative performance across all major timeframes. The lack of immediate buy volume suggests momentum remains with the bears.
The moving averages present a negative outlook, as the price is trading well below recent highs. With the asset down 30.1% over the last 30 days and 81.2% over the last year, the overall market sentiment confirms a prevailing downtrend for Injective.
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