Injective’s INJ token suffered a sharp intraday decline, falling 10.66% in just 60 minutes as traders reassessed positions amid volatile market conditions. INJ dropped from $5.254 to $4.694, testing a critical support level after touching an earlier daily high of $5.324.
The 24-hour trading volume stood at approximately $14.26 million, indicating significant activity despite the bearish price action. Over the last 24 hours, INJ recorded a change of -1.64%, with the day’s low at $4.694 and the high at $5.324, underscoring the volatility facing market participants.
The decline appears tied to broader macroeconomic uncertainty, including shifting interest rate expectations and dollar strength, as well as ongoing regulatory discussions across the crypto space. Traders are closely monitoring the $4.69 support level. A break below it could open the door to further losses, while a recovery above the $5.324 resistance zone may signal a potential shift in sentiment.
