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  • staked-etherLido Staked Ether (STETH) $ 3,253.92
  • dogecoinDogecoin (DOGE) $ 0.134113
  • the-open-networkToncoin (TON) $ 6.70
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  • bitcoin-cashBitcoin Cash (BCH) $ 378.91
  • nearNEAR Protocol (NEAR) $ 5.68
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  • daiDai (DAI) $ 1.00
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  • wrapped-eethWrapped eETH (WEETH) $ 3,397.24
  • matic-networkPolygon (MATIC) $ 0.513500
  • internet-computerInternet Computer (ICP) $ 10.10
  • kaspaKaspa (KAS) $ 0.182082
  • ethereum-classicEthereum Classic (ETC) $ 22.84
  • aptosAptos (APT) $ 7.02
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.27
  • stellarStellar (XLM) $ 0.102505
  • moneroMonero (XMR) $ 162.71
  • blockstackStacks (STX) $ 1.87
  • mantleMantle (MNT) $ 0.844441
  • filecoinFilecoin (FIL) $ 4.60
  • dogwifcoindogwifhat (WIF) $ 2.61
  • render-tokenRender (RENDER) $ 6.60
  • injective-protocolInjective (INJ) $ 25.60
  • bittensorBittensor (TAO) $ 346.96
  • okbOKB (OKB) $ 41.14
  • hedera-hashgraphHedera (HBAR) $ 0.068693
  • crypto-com-chainCronos (CRO) $ 0.091435
  • makerMaker (MKR) $ 2,630.76
  • immutable-xImmutable (IMX) $ 1.58
  • arbitrumArbitrum (ARB) $ 0.725812
  • cosmosCosmos Hub (ATOM) $ 6.17
  • vechainVeChain (VET) $ 0.028670
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • bonkBonk (BONK) $ 0.000029
  • arweaveArweave (AR) $ 30.37
  • suiSui (SUI) $ 0.780935
  • optimismOptimism (OP) $ 1.72
  • the-graphThe Graph (GRT) $ 0.200292
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,644.75
  • flokiFLOKI (FLOKI) $ 0.000180
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,301.65
  • thorchainTHORChain (RUNE) $ 4.71
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,379.31
  • bitget-tokenBitget Token (BGB) $ 1.12
  • theta-tokenTheta Network (THETA) $ 1.50
  • whitebitWhiteBIT Coin (WBT) $ 10.10
  • notcoinNotcoin (NOT) $ 0.014208
  • aaveAave (AAVE) $ 97.74
  • jupiter-exchange-solanaJupiter (JUP) $ 1.07
  • ondo-financeOndo (ONDO) $ 0.993788
  • pyth-networkPyth Network (PYTH) $ 0.390247
  • jasmycoinJasmyCoin (JASMY) $ 0.029075
  • lido-daoLido DAO (LDO) $ 1.56
  • fantomFantom (FTM) $ 0.460109
  • based-brettBrett (BRETT) $ 0.129174
  • coredaoorgCore (CORE) $ 1.38
  • celestiaCelestia (TIA) $ 5.97
  • algorandAlgorand (ALGO) $ 0.142995
  • sei-networkSei (SEI) $ 0.368890
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,250.01
  • quant-networkQuant (QNT) $ 72.69
  • flowFlow (FLOW) $ 0.667616
  • gatechain-tokenGate (GT) $ 7.65
  • mantra-daoMANTRA (OM) $ 1.19
  • msolMarinade Staked SOL (MSOL) $ 219.56
  • kucoin-sharesKuCoin (KCS) $ 9.70
  • popcatPopcat (POPCAT) $ 0.940814
  • beam-2Beam (BEAM) $ 0.018231
  • elrond-erd-2MultiversX (EGLD) $ 33.31
  • axie-infinityAxie Infinity (AXS) $ 6.06
  • bitcoin-svBitcoin SV (BSV) $ 45.36
  • heliumHelium (HNT) $ 5.30
  • galaGALA (GALA) $ 0.023595
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.52
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • eosEOS (EOS) $ 0.577759
  • flare-networksFlare (FLR) $ 0.019335
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.38
  • neoNEO (NEO) $ 11.69
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,313.39
  • ordinalsORDI (ORDI) $ 38.63
  • akash-networkAkash Network (AKT) $ 3.30
  • dydx-chaindYdX (DYDX) $ 1.29
  • raptoreumRaptoreum (RTM) $ 0.000862
  • raptoreumRaptoreum (RTM) $ 0.000862
  • peri-financePERI Finance (PERI) $ 0.279208
  • peri-financePERI Finance (PERI) $ 0.279208
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • alfALF (ALF) $ 0.000038
  • alfALF (ALF) $ 0.000038
  • paramParam (PARAM) $ 0.014492
  • paramParam (PARAM) $ 0.014492
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • soraSora (XOR) $ 0.000013
  • soraSora (XOR) $ 0.000013
  • daggerDagger (XDAG) $ 0.002987
  • daggerDagger (XDAG) $ 0.002987
  • bumperBumper (BUMP) $ 0.019046
  • bumperBumper (BUMP) $ 0.019046
  • ashswapAshSwap (ASH) $ 0.012757
  • ashswapAshSwap (ASH) $ 0.012757
  • dxdaoDXdao (DXD) $ 158.12
  • dxdaoDXdao (DXD) $ 158.12
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rubicRubic (RBC) $ 0.021164
  • rubicRubic (RBC) $ 0.021164
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • ebtceBTC (EBTC) $ 66,972.00
  • ebtceBTC (EBTC) $ 66,972.00
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • wozxEfforce (WOZX) $ 0.005840
  • wozxEfforce (WOZX) $ 0.005840
  • rebootReboot (GG) $ 0.022092
  • rebootReboot (GG) $ 0.022092
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • soyjak-2Soyjak (SOY) $ 0.003702
  • soyjak-2Soyjak (SOY) $ 0.003702
  • nav-coinNavcoin (NAV) $ 0.047053
  • nav-coinNavcoin (NAV) $ 0.047053
  • klevaKLEVA (KLEVA) $ 0.065822
  • klevaKLEVA (KLEVA) $ 0.065822
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • quiddQuidd (QUIDD) $ 0.013872
  • quiddQuidd (QUIDD) $ 0.013872
  • ispolinkIspolink (ISP) $ 0.001196
  • ispolinkIspolink (ISP) $ 0.001196
  • 0chainZus (ZCN) $ 0.074297
  • 0chainZus (ZCN) $ 0.074297
  • aminoAmino ($AMO) $ 0.000130
  • aminoAmino ($AMO) $ 0.000130
  • frok-aiFrok.ai (FROK) $ 0.037372
  • frok-aiFrok.ai (FROK) $ 0.037372
  • xfundxFUND (XFUND) $ 358.54
  • xfundxFUND (XFUND) $ 358.54
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • suiswapSuiswap (SSWP) $ 0.000356
  • suiswapSuiswap (SSWP) $ 0.000356
  • carloCarlo (CARLO) $ 0.003553
  • carloCarlo (CARLO) $ 0.003553
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • wesenditWeSendit (WSI) $ 0.010080
  • wesenditWeSendit (WSI) $ 0.010080
  • plebbitPlebbit (PLEB) $ 0.000002
  • plebbitPlebbit (PLEB) $ 0.000002
  • gami-worldGAMI World (GAMI) $ 0.081967
  • gami-worldGAMI World (GAMI) $ 0.081967
  • lucroLucro (LCR) $ 0.000035
  • lucroLucro (LCR) $ 0.000035
  • pantherPanther Protocol (ZKP) $ 0.010464
  • pantherPanther Protocol (ZKP) $ 0.010464
  • polka-cityPolkacity (POLC) $ 0.008542
  • polka-cityPolkacity (POLC) $ 0.008542
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • bmxBMX (BMX) $ 1.28
  • bmxBMX (BMX) $ 1.28
  • hacashHacash (HAC) $ 3.93
  • hacashHacash (HAC) $ 3.93
  • mind-languageMind (MND) $ 0.036080
  • mind-languageMind (MND) $ 0.036080
  • omni-2Omni (OMNI) $ 0.003478
  • omni-2Omni (OMNI) $ 0.003478
  • pktPKT (PKT) $ 0.000789
  • pktPKT (PKT) $ 0.000789
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • crypteriumCrypterium (CRPT) $ 0.040998
  • crypteriumCrypterium (CRPT) $ 0.040998
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • velhallaScarQuest (SCAR) $ 0.001437
  • velhallaScarQuest (SCAR) $ 0.001437
  • label-foundationLABEL AI (LBL) $ 0.002996
  • label-foundationLABEL AI (LBL) $ 0.002996
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • ca-htbCoupon Assets (CA) $ 0.273075
  • ca-htbCoupon Assets (CA) $ 0.273075
  • veloce-vextVeloce (VEXT) $ 0.019155
  • veloce-vextVeloce (VEXT) $ 0.019155
  • wecoinWECOIN (WECO) $ 0.000369
  • wecoinWECOIN (WECO) $ 0.000369
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • gainsGains (GAINS) $ 0.062661
  • gainsGains (GAINS) $ 0.062661
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • metalcoreMetalCore (MCG) $ 0.005387
  • metalcoreMetalCore (MCG) $ 0.005387
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • linqLinq (LINQ) $ 0.033362
  • linqLinq (LINQ) $ 0.033362
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • send-token/send (SEND) $ 0.000127
  • send-token/send (SEND) $ 0.000127
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • tokencardMonolith (TKN) $ 0.091313
  • tokencardMonolith (TKN) $ 0.091313
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • merchant-tokenMerchant (MTO) $ 0.055684
  • merchant-tokenMerchant (MTO) $ 0.055684
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • parexParex (PRX) $ 0.251986
  • parexParex (PRX) $ 0.251986
  • solbankSolbank (SB) $ 196.72
  • solbankSolbank (SB) $ 196.72
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • safe-dealSafeDeal (SFD) $ 0.133729
  • safe-dealSafeDeal (SFD) $ 0.133729
  • hydranetHydranet (HDN) $ 0.020256
  • hydranetHydranet (HDN) $ 0.020256
  • romeRome (ROME) $ 14.33
  • romeRome (ROME) $ 14.33
  • mintoMinto (BTCMT) $ 0.559509
  • mintoMinto (BTCMT) $ 0.559509
  • metronomeMetronome (MET) $ 0.523552
  • metronomeMetronome (MET) $ 0.523552
  • chimaeraXAYA (WCHI) $ 0.056244
  • chimaeraXAYA (WCHI) $ 0.056244
  • particlParticl (PART) $ 0.227386
  • particlParticl (PART) $ 0.227386
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • stimaSTIMA (STIMA) $ 1.01
  • stimaSTIMA (STIMA) $ 1.01
  • hamiHAMI ($HAMI) $ 0.003211
  • hamiHAMI ($HAMI) $ 0.003211
  • social-good-projectSocialGood (SG) $ 0.135266
  • social-good-projectSocialGood (SG) $ 0.135266

This Is How an Injective (INJ) Price Breakout Could Fail  

0 39

The injective (INJ) price did note a bullish development, but this may not be sustained owing to rising investor skepticism.

The increasing selling pressure is evident in the actions of the INJ holders, which is reducing the chances of recovery.

Injective Holders Are Moving Their Holdings

Injective’s price is bearing the brunt of the surge in selling among investors, which is increasing the outflows on the network. Chaiking Money Flow, sitting at a two-month low, is evidence of this.

The Chaikin Money Flow (CMF) is a technical analysis indicator measuring the volume-weighted accumulation and distribution average over a specific period. It helps traders identify the strength of a trend by analyzing the relationship between price movements and trading volume.

The indicator’s presence above 0 suggests rising buying pressure, while a dip below it suggests increasing selling pressure. Currently, INJ is witnessing the latter, with the indicator sitting at April lows.

This Is How an Injective (INJ) Price Breakout Could Fail  

Injective CMF. Source: TradingView

The actions of investors themselves further substantiate this outflow. Upon observing active addresses by profitability, one can note that the investors in profit have considerable domination.

This cohort’s participation hints at potential selling, and their domination of more than 25% is a bearish sign. In the case of INJ, their presence dominates 31% of all active addresses, making the case for a bearish outcome.

This Is How an Injective (INJ) Price Breakout Could Fail  

Injective Active Addresses by Profitability. Source: IntoTheBlock

INJ Price Prediction: Breakout May Breakdown

Injective’s price, trading at $29.3, is close to the resistance at $30.9, but in order to breach it, the rally would need to continue. Given that the altcoin recently broke out of the consolidation between $28.0 and $21.3, it seems possible.

However, the aforementioned conditions suggest a different route for INJ. The breakout could fail, and Injective’s price could fall back below $28.0, making it vulnerable to consolidation again.

This Is How an Injective (INJ) Price Breakout Could Fail  

Injective Price Analysis. Source: TradingView

Nevertheless, if INJ bounces back from $28.0, having already closed above it, it could prevent the decline. This would also enable the altcoin to breach $30.9, invalidating the bearish thesis.

Source

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