Injective price bounces 9% but bearish trend suggests more losses ahead.

Injective (INJ) fell sharply to $2.79 on October 10, 2025, losing over 77% in one day and has remained near this low since. A recent 9% rally and increased derivative market activity followed a network upgrade, but technical indicators show the overall momentum remains bearish. The token needs to break above $5.9 to signal a sustained recovery, but current gains are seen as a short-term bounce, with further declines likely in the coming months. Traders are advised to sell on rallies rather than buy into the bounce.