Injective (INJ) has just recorded a fall of up to 12% in the past 24 hours – ranking among the top cryptocurrencies with the strongest declines in the market at this time.
However, this decline mostly results from the return of the old user group, which is not necessarily the end of the upward trend for INJ. On-chain data analysis shows many notable buy signals, opening up the possibility that the price will stabilize soon, and may even recover in the near future.
Where does the selling pressure come from?
In the past 24 hours, the number of Returning Users ( has seen an impressive surge, reaching its highest peak since the beginning of the year.
As of the time of writing, this number has risen to 57,700 – the highest level in over a year. Notably, this group of users typically includes long-term investors and experienced traders, who tend to return to the market after previous purchases and often execute trades with large volumes.
Their reappearance right at the time when INJ is falling sharply shows that confidence in this asset is still present. However, there is also the possibility that this is a move to take profits or sell part of the portfolio to mitigate risk.
![Source: CoinGlass])https://img-cdn.gateio.im/webp-social/moments-ec446f35202c8d4c1cb52ecb7027004f.webp(Source: ArtemisMeanwhile, the number of new users has decreased significantly, with only 512 new accounts created during the same period. This trend somewhat reflects the cautious sentiment of new investors, as they view INJ as a high-risk asset and are not yet ready to enter during this period of high volatility.
The fall of INJ triggers opportunistic buy orders
Investors both inside and outside the DeFi sector are taking advantage of the recent price correction as an ideal opportunity to buy in. In total, they have accumulated a total of INJ tokens worth up to 1.36 million USD.
![])https://img-cdn.gateio.im/webp-social/moments-04f4099a1224d54285cc980abf7365d4.webp(Source: DeFiLlamaThe DeFi investor group alone has invested approximately 520,000 USD into INJ and allocated these assets into liquidity pools – a move that demonstrates strong confidence in long-term potential. This is also clearly reflected in the Total Value Locked )TVL(, as this figure increased from 33.9 million USD to 34.42 million USD in just 24 hours.
In the investment sector outside of DeFi, the accumulation of assets is also quite active. Data from the net cash flow on spot exchanges shows that approximately 840,000 USD worth of INJ has been withdrawn from centralized exchanges – indicating a trend of shifting assets to personal wallets.
![])https://img-cdn.gateio.im/webp-social/moments-43e7a6e0327f2dba6b704c2ccd440219.webp(Source: CoinGlassOverall, the accumulation trend is increasing strongly, clearly reflecting the long-term expectations of investors: while DeFi players "lock" assets into protocols to generate cash flow, spot investors prefer to hold long-term by withdrawing tokens to their own wallets.
Where will INJ go?
When the market shows both bullish and bearish signals simultaneously, Bitcoin Magazine has conducted an analysis of the )Liquidation Heatmap( — an important tool for tracking price movement trends based on liquidity concentration levels.
According to the latest data, this map indicates the potential for Injective )INJ( to enter a period of significant volatility. Specifically, a large liquidity cluster has just been recorded above the current price range, suggesting that INJ could be pushed up to the $11 region in the short term.
![])https://img-cdn.gateio.im/webp-social/moments-70d7f1949e87f26126abd5360a1be3f2.webp(Source: CoinGlassHowever, the area that attracts the most attention is the $10.1 mark, where the liquidity density is the highest – marked by the yellow Supertrend line.
Based on past patterns, if INJ continues to replicate similar behavior, the possibility of the price recovering to this level is entirely feasible, even when facing selling pressure from the group of old users returning to the market.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Injective ( INJ ) plummet 12% in 24 hours – Buy opportunity or should we wait?
Injective (INJ) has just recorded a fall of up to 12% in the past 24 hours – ranking among the top cryptocurrencies with the strongest declines in the market at this time.
However, this decline mostly results from the return of the old user group, which is not necessarily the end of the upward trend for INJ. On-chain data analysis shows many notable buy signals, opening up the possibility that the price will stabilize soon, and may even recover in the near future.
Where does the selling pressure come from?
In the past 24 hours, the number of Returning Users ( has seen an impressive surge, reaching its highest peak since the beginning of the year.
As of the time of writing, this number has risen to 57,700 – the highest level in over a year. Notably, this group of users typically includes long-term investors and experienced traders, who tend to return to the market after previous purchases and often execute trades with large volumes.
Their reappearance right at the time when INJ is falling sharply shows that confidence in this asset is still present. However, there is also the possibility that this is a move to take profits or sell part of the portfolio to mitigate risk.
![Source: CoinGlass])https://img-cdn.gateio.im/webp-social/moments-ec446f35202c8d4c1cb52ecb7027004f.webp(Source: ArtemisMeanwhile, the number of new users has decreased significantly, with only 512 new accounts created during the same period. This trend somewhat reflects the cautious sentiment of new investors, as they view INJ as a high-risk asset and are not yet ready to enter during this period of high volatility.
The fall of INJ triggers opportunistic buy orders
Investors both inside and outside the DeFi sector are taking advantage of the recent price correction as an ideal opportunity to buy in. In total, they have accumulated a total of INJ tokens worth up to 1.36 million USD.
![])https://img-cdn.gateio.im/webp-social/moments-04f4099a1224d54285cc980abf7365d4.webp(Source: DeFiLlamaThe DeFi investor group alone has invested approximately 520,000 USD into INJ and allocated these assets into liquidity pools – a move that demonstrates strong confidence in long-term potential. This is also clearly reflected in the Total Value Locked )TVL(, as this figure increased from 33.9 million USD to 34.42 million USD in just 24 hours.
In the investment sector outside of DeFi, the accumulation of assets is also quite active. Data from the net cash flow on spot exchanges shows that approximately 840,000 USD worth of INJ has been withdrawn from centralized exchanges – indicating a trend of shifting assets to personal wallets.
![])https://img-cdn.gateio.im/webp-social/moments-43e7a6e0327f2dba6b704c2ccd440219.webp(Source: CoinGlassOverall, the accumulation trend is increasing strongly, clearly reflecting the long-term expectations of investors: while DeFi players "lock" assets into protocols to generate cash flow, spot investors prefer to hold long-term by withdrawing tokens to their own wallets.
Where will INJ go?
When the market shows both bullish and bearish signals simultaneously, Bitcoin Magazine has conducted an analysis of the )Liquidation Heatmap( — an important tool for tracking price movement trends based on liquidity concentration levels.
According to the latest data, this map indicates the potential for Injective )INJ( to enter a period of significant volatility. Specifically, a large liquidity cluster has just been recorded above the current price range, suggesting that INJ could be pushed up to the $11 region in the short term.
![])https://img-cdn.gateio.im/webp-social/moments-70d7f1949e87f26126abd5360a1be3f2.webp(Source: CoinGlassHowever, the area that attracts the most attention is the $10.1 mark, where the liquidity density is the highest – marked by the yellow Supertrend line.
Based on past patterns, if INJ continues to replicate similar behavior, the possibility of the price recovering to this level is entirely feasible, even when facing selling pressure from the group of old users returning to the market.
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