$INJ drops to $4.71 — among the sharpest declines in the DeFi sector today.
What's Happening:
Price Action: Injective falls 9.6% to $4.71, giving back recent gains aggressively.
High Beta: INJ's strong 2024 performance made it a crowded trade — corrections hit hard.
DEX Activity: Injective DEX continues operating despite price volatility.
Institutional Interest: Institutional DeFi narrative cooling temporarily.
Why It Matters:
Injective built a derivatives-focused L1 with genuine trading activity. High-growth narratives attract hot money that flees first. The protocol's unique MEV-resistant architecture and institutional focus remain differentiators.
Technical View:
$4.50 is critical support. A hold could spark $6 recovery. A breakdown risks $3.50. RSI deeply oversold — bounce potential elevated.
🎯 Key Levels:
Support: $4.50 | Resistance: $6.00
24h Range: $4.44 - $5.27
💡 "High beta works both ways. Injective's 2024 gains came with 2026 correction risk built in."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Injective #INJ #DeFi #Derivatives #CryptoNews
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.
