Injective holds near $7.50 as futures open interest and buying pressure fall
The token changed hands at $7.4800 on 12 November, with futures open interest down from 23.52 million INJ on 17 October.
Stories tagged technical analysis
The token changed hands at $7.4800 on 12 November, with futures open interest down from 23.52 million INJ on 17 October.
INJ traded at $7.48 on 12 November, under its 50-day moving average, with taker sell orders at 51.1% of the total.
The token sat at $7.4800 on 12 November, under its 50-day EMA, while futures open interest kept falling from its October peak.
The largest cryptocurrency traded near $69,140 after the drop, with technical indicators described as bearish.
The token stays below a falling trendline near $0.0730, and technical indicators on the daily chart remain bearish.
CriptoNoticias reports the drop and outlines three price areas it says could act as floors if the decline continues.