What Injective needs to do to flip bullish – Reclaim the 20-day EMA
Photo: AMBCrypto
Injective [INJ] has extended its bearish push after an aggressive rejection at the flag resistance a few days ago. At press time, the token was trading below its 20-day exponential moving average at $7.779 after hours of intense selling. Concurrently, Injective's Open Interest took a sharp drop over the last 24 hours as the network’s supply in profit flattened. Now, can network bulls force a reversal? INJ faces another rejection at the 20-day EMA INJ's rejection at flag resistance weakened its recovery attempt, while the latest barrier at the 20-day EMA adds another challenge for buyers.
Source: AMBCrypto
