High-performance derivatives chain experiences amplified selling during fear event.
What's Happening:
$INJ crashes 7.87% to $4.92 - among harder-hit L1s today
Derivatives-focused chain sees reduced activity during fear
24h range from $4.80 to $5.35 shows heavy selling pressure
Fear & Greed at 24 hitting derivatives narratives hard
Why It Matters: Injective's focus on derivatives and high-frequency trading makes it sensitive to overall market activity. When Fear & Greed hits extreme, derivatives activity declines and INJ faces correlated pressure.
Technical View: INJ broke below $5 psychological level. Support at $4.80, resistance at $5.35. Higher beta than average L1 due to derivatives focus.
🎯 Key Levels:
Support: $4.80 | Resistance: $5.35
24h Range: $4.80 - $5.35
💡 Derivatives chains amplify market moves - higher highs but also deeper lows
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Injective #INJ #Derivatives #Layer1 #DeFi
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
