Injective Trades Below $8.90 Level After a 7% 24-Hour Drop

Injective (INJ) traded below $8.90 on Oct. 22, putting an earlier bullish technical condition in focus as the token’s 24-hour decline reached 7% in a morning snapshot. At 7:37 a.m. ET (11:37 UTC), INJ was $8.15, down 7% over the previous 24 hours, in a later market snapshot . The reading placed the token below $8.90, a threshold the earlier setup treated as necessary for its bullish scenario to remain intact. Crypto analyst Parshwa Turakhiya wrote in an Oct.

Source: TokenPost