INJ Price Plunges Amid Retail Selling, But Smart Money Awaits Reversal Opportunity
The price of INJ has dropped 5.2% to $5.02 in a single session, and is currently sitting at the bottom of its daily range.
This drop coincides with retail takers flushing their positions aggressively, while institutional players quietly built a 9.2% surge in open interest against INJ.
The token's momentum structure has flatlined to zero after a period of positive divergence, indicating that buyers have stopped pressing the bid.
However, top traders, including whale accounts and institutional desks, are positioned 56.5% long with a ratio of 1.30, suggesting accumulation against the retail flush.