INJ Price Plunges on Strong Support Clustering

Injective (INJ) is experiencing a significant price drop, down 5.64% in the last 24 hours and trading below every short-term moving average at $4.90.

The strong support clustering near $4.60 and whale accounts quietly accumulating could trigger a violent snap-back, according to Alvin Lang's analysis.

Despite the bearish momentum, the long-term trend remains intact, with INJ well above its 200-day moving average at $4.15.

The derivatives data leans toward base-building rather than capitulation, with open interest holding and whales skewed long.