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Injective price drops below key moving average, Open Interest falls amid bearish pressure

Technical Signals
28 Oct 2026, 01:00 WIB
AMBCrypto
View Source
Bearish
Injective price drops below key moving average, Open Interest falls amid bearish pressure

Injective (INJ) has seen its price fall below the 20-day exponential moving average to $7.779 after a rejection at flag resistance, signaling continued bearish momentum. The token's Open Interest sharply declined to $79 million, indicating traders are closing positions amid growing uncertainty. Supply in profit has flattened near $75 million, showing limited recent gains for holders. If the price fails to hold above the 20-day EMA, it may drop toward the $7 demand zone, where buyers might step in to prevent further decline.

Injective (INJ) trades at Rp145.406 on Pluang, showing a 1-day gain of 2.23% as of Oct 28, 2026 05:21 WIB. Despite the recent price dip below the 20-day EMA mentioned in the article, Pluang data indicates a positive short-term movement. Market activity on Pluang shows 58% sell orders and a typical hold time of 38 days, suggesting a mix of cautious trading behavior among investors.

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