Injective $INJ Price Analysis
Injective (INJ) saw a strong surge early last week but lost steam after hitting $15. The price plummeted on Thursday and Friday, bottoming out at $11.59 on Saturday. A 5% rebound on Monday (May 26) pushed INJ to $13.75, with bullish momentum driving a 7% gain to $14.65 on Tuesday. Wednesday saw a 2.47% rise, crossing $15 to settle at $15.01. However, Thursday brought a 7% drop below $14, closing at $13.91, followed by a 12% plunge on Friday below the 20-day SMA to $12.17.
Bearish pressure persisted on Saturday with a slight dip, but Sunday saw a modest 0.10% recovery to $12.13. Monday’s intraday low of $11.56 gave way to a 2.33% rebound to $12.41. Tuesday added a 0.66% gain, reaching $12.49. Today, INJ is up over 2%, with buyers aiming to build momentum toward $13.
