- The Injective price is forming a bearish pressure below $3.88 level.
- INJ/USD is trading at $3.69 with a decrease of 2.40% in the last 24 hours.
- The token is trading in a range of $3.54 – $3.88 from the previous day.
The Injective price analysis shows a downtrend in the market as bears are dominating the market, driving the token price down. The INJ/USD is trading at the level of $3.69 with a decrease of 2.40% in the last 24 hours, and it is trading in a downward direction.
The immediate support for INJ/USD is at $3.54 and if it breaks then further downside may come into action. On the higher side, resistance is formed at $3.88 and if bulls manage to push prices above this mark, then we can expect some upside momentum. Until then, the market pressure will remain bearish and prices may keep sliding down.
Injective price movement, Source: Coin market cap
Looking at the daily chart, Injective price is forming a bearish pattern as selling pressure increases after the breakdown below the $3.88 level. However, the bullish pressure was seen in today’s trading session a few hours ago. And, the price jumped above $3.80 but failed to sustain itself and hit the supp…
The post Injective (INJ) Forms Bearish Pattern as Selling Pressure Increases appeared first on Coin Edition.