Injective slips as derivatives trading tilts toward sellers

Injective was trading near $7.56 on Thursday, down 4.27% over 24 hours and 10.34% over seven days. CoinJournal reported an earlier price around $7.42 following a 5.7% decline in the prior session, showing that weakness has continued across the latest quoted windows. Its market capitalization stood at $755.72 million. Derivatives positioning offered a modest bearish signal in CoinJournal’s account. The futures taker buy-to-sell ratio measured 0.96, with sell orders representing 51.1% of taker activity. That near-even split indicates that sellers held a slight advantage in executed futures flow, although the figures do not show a heavily one-sided market. CoinJournal identified $7.19 as a trendline support level. A move below that threshold could place additional selling pressure on INJ and extend the token’s recent decline. No separate corroborating outlet was available for the technical reading, so the level and derivatives interpretation remain attributable to CoinJournal. The wider crypto market was broadly lower, with total capitalization at $2.49 trillion. Bitcoin fell 1.40% over 24 hours, while the Fear & Greed Index stood at 28, placing sentiment in the “Fear” range. In that broader environment, attention remains on whether INJ can hold the cited $7.19 level and whether its futures flow shifts away from the current slight seller lean.