INJ Price Prediction: Bears Take Control, But a $4.60 Floor Could Trigger a Violent Snap-Back
Injective (INJ) is currently facing significant downward pressure, dropping 5.64% in the last 24 hours and trading below all key short-term moving averages at the $4.90 level. The market is now laser-focused on a critical support cluster near $4.60, which stands as the final line of defense against a deeper bearish trend.
Despite the immediate bearish momentum, on-chain intelligence suggests a hidden shift in sentiment as whale accounts are quietly tilting long. Should the $4.60 floor hold, the market could see a violent snap-back, potentially catching short-sellers off guard and fueling a rapid recovery for INJ.
Injective (INJ) is getting crushed, down 5.64% in the last 24 hours and trading below every major short-term moving average at $4.90. However, technical indicators point to strong support clustering near the $4.60 mark, which could prevent a total breakdown.
While the bears currently own the tape, whale activity tells a different story. Large-scale holders are quietly accumulating long positions, suggesting that the current dip might be a liquidity grab. If the $4.60 support level remains intact, a violent price snap-back could be imminent.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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