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Injective token plunges 19% amid crypto market sell-off and falling trading volume

Market News
05 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Injective (INJ) experienced a sharp 19% drop in price over the past day as the broader crypto market entered a correction phase. This decline is accompanied by a significant reduction in trading volume, falling to $174 million, indicating waning market participation and buyer hesitation. The token broke below a key EMA support, signaling strong selling pressure with bears currently in control. Unless overall crypto market sentiment improves, INJ may continue to face downward pressure, with buyers yet to show strong interest for a rebound.

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