INJ fell close to 10% in a day and now trades at the 200-day moving average.
The breakdown happened on roughly a quarter of the volume that earlier moves carried.
RSI is weak without being oversold, and no bullish divergence has formed.
Injective shipped two mainnet upgrades this summer without moving the token.
Click on the "Follow" button below and you'll get the latest news from Ethnews via email, mobile or you can read them on your personal news page on this site.
You can unsubscribe anytime you want easily.
You can also choose the topics or keywords that you're interested in, so you receive only what you want.
Ethnews title: Ethnews