INJ Price Slips Below $9 Level
The bullish rally for Injective started during mid-June 2023 when the price formed support at $5.60 and started to rise. The price surged nearly 76% and formed a high of $9.928. If the bullish momentum would have continued, the price would have shattered the annual high. The move was halted as the price faced strong rejection from $9.50. INJ price did try to retest the high but rejected the $9.50 level. After the rejection, the price fell and broke the minor support of $8.85. Recently, the price formed support at $7.79 and is headed toward the support-turned-resistance of $8.85. The previous candle closed as a strong bullish candle and the market structure shows that the current candle will soon break the high of the previous candle. If bullish momentum prevails, it might head toward the major resistance level of $9.50. While on the other hand, if a candle is successful in closing below $7.79, the INJ price might head toward the next support level of $6.88. The market capitalization has increased by 3.14% to $684,238,872 while the 24-hour trading volume is down by 36.90%. The price is down 67.25% from the all-time high of $25.01. Road Map Of Injective The roadmap of Injective price