Injective is currently trading at $8.38 as the broader cryptocurrency market experiences weakness. Technical indicators suggest that the $INJ price is nearing oversold conditions. As the price approaches key support zones, market analysts are closely monitoring its movement. The testing of the lower Bollinger Band indicates increased volatility in the market, reflecting traders’ cautious sentiment. Investors are evaluating the potential for a rebound or further decline as consolidation continues in the crypto landscape.
