Injective (INJ) Rises 7.29% as Binance Futures Open Interest Falls

Injective (INJ) was $8.16, up 7.29% over 24 hours, while Binance futures open interest fell 10.62% to $21.03 million. An earlier technical reading placed INJ above its seven-, 20- and 50-day simple moving averages, at $7.42, $7.91 and $7.74, respectively. That snapshot put the 24-hour range at $7.59 to $8.20, with resistance markers at $8.38 and $8.60. The falling open interest alongside a higher spot price points to reduced futures exposure rather than new leverage building. Other Binance indicators were mixed.

Source: TokenPost