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As bears step back, will Injective’s price surge aid bullish recovery?
Injective (INJ) has been experiencing a bearish trend in the past month, but the latest data suggests that bears may be stepping back. The cryptocurrency has gained 14.80% in the first two days of 2025, indicating a potential shift in sentiment. However, can this newfound interest translate into a bullish recovery?
According to LunarCrush Analytics, INJ recently ranked second in the list of AI coins with the highest social engagement. This sudden surge in attention could be indicative of a turning point in the market’s mood. Additionally, Open Interest has been increasing steadily over the past few days, further fueling speculation about a potential recovery.
The cryptocurrency has also seen a significant upswing in Open Interest, which increased by roughly $20.12 million over the last two days. This is a notable shift from its previous downward trend, and could be indicative of an uptrend.
Source: ambcrypto.com
