Injective (INJ) held its $4.5 support level and rebounded to $5.4 before settling around $5. The rebound was driven by increased speculative trading, with open interest and derivatives volume surging, especially on Binance and OKX where long positions dominate. Despite this, strong selling pressure persists in both spot and futures markets, indicating profit-taking and a lack of long-term conviction. Momentum indicators remain bullish but suggest possible sideways movement or a mild pullback. If selling continues, INJ could retest $4.5, but sustained demand might help it hold $5 and challenge $5.5 resistance, aiming for $6 next.
MemeCore surged 9.45% to $3.47, leading gains among the top 100 cryptocurrencies by market cap, followed by NEAR Protocol, Ondo, Injective, and edgeX with increases between 6.3% and 7.6%. This reflects a rotation into higher-risk, high-beta tokens as...
KITE led Upbit's crypto greed index with a score of 76 despite a 5.04% price drop to 339 won, signaling a cooling phase rather than a trend reversal. The token saw heavy trading volume (~15.06 billion won), indicating active repositioning amid sustai...
Crypto markets experienced a volatile week driven by macroeconomic factors, with Bitcoin briefly surpassing $80k before retreating amid inflation and risk concerns. Infrastructure token Kite (KITE), social crypto Humanity (H), and DeFi protocol Injec...
