$INJ is trading at $5.57 and staying below key EMAs, showing short-term bearish pressure. Net capital outflows and a very high long/short ratio (12.67) raise the risk of a long squeeze if the price drops toward support near $5.47.
On the positive side, big adoption news is growing: Revolut has listed INJ, and Pineapple Financial is moving a $100B mortgage portfolio onto Injective. Social sentiment is strong, with many talking about Injective’s long-term potential.
Binance Academy also launched a “Learn & Earn” course where users can complete lessons and earn INJ rewards.
Watch $5.47 as key support and $5.70 as resistance for any momentum shift.
