Injective slides as the market risk-off sentiment hits high-beta L1s.
What's Happening:
$INJ down 1.6% to $4.86.
Burn auctions continue to remove supply, a long-term positive.
New dApps launching on Injective are gaining some traction.
Price is highly sensitive to overall market direction right now.
Why It Matters: INJ is built specifically for finance. If the market for on-chain finance grows, INJ wins.
Technical View: $4.80 is support. Below that, $4.50 is the danger zone. Resistance at $5.00.
🎯 Key Levels:
Support: $4.80 | Resistance: $5.00
24h Range: $4.80 - $4.95
💡 The fastest chain for finance is currently taking a pit stop.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#INJ #Injective #DeFi #L1 #Crypto
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.
