Injective (INJ) traded below the key $8.90 level on October 22, falling 7% within 24 hours. This dip puts into question a previous bullish technical scenario that required daily closes above $8.90 to remain valid. While the intraday price dropped below this threshold, it is not yet clear if the daily close will confirm the bearish turn. If the daily close stays below $8.90, the earlier bullish targets of $9.50 and $10 may no longer be achievable in the near term.
Following Injective's drop below the $8.90 mark, the token continues to show weakness on Pluang, trading at Rp143.700 with an 8.35% decline as of Oct 23, 2026 05:21 WIB. Market activity leans heavily toward selling, with 90% of orders on Pluang being sell orders. The circulating supply remains fully available at 100 million INJ, and typical holders keep their positions for about 38 days.
Among the 90 largest cryptocurrencies, MemeCore (M) surged 17.03% in 24 hours, leading gains while 72 out of 90 assets declined. Other notable risers included Lighter (8.54%), Monero (5.85%), and Bitway (5.53%). Conversely, LayerZero fell the most by...
Canary Capital proposes an Injective (INJ) ETF that reinvests staking rewards back into the fund rather than distributing cash to shareholders. The fund delegates tokens to validators on the Injective network, with staking rewards paid in INJ tokens....
The price of Injective's native token, INJ, fell 7% to $8.15 in a 24-hour period ending October 22. This decline was captured in a specific market snapshot and does not indicate the cause of the drop. Injective operates a monthly Community BuyBack pr...
A projection based on trendline analysis suggests Injective (INJ) might reach $100 around 2029, contingent on breaking and retesting the $50–$53 resistance zone. Increased active addresses and developer activity support the token's potential but do n...
Injective (INJ) has burned over 7.27 million tokens through its Burn Auction and Community BuyBack programs, with the latest burn of about 29,246 INJ completed on September 30. Despite these burns, the total supply increased to nearly 123 million INJ...
