單射協議（INJ）面臨市場困境，但技術面暗示潛在的上漲

Injective Protocol (INJ) 最近面臨看跌軌跡，過去一個月經歷了超過 20% 的修正。買家失去動力，導致價格跌破關鍵移動平均線。技術指標顯示下降趨勢，代幣交易低於 200 日均線，並在此水準遭遇拒絕。觀察到範圍崩潰，代幣面臨拋售壓力。然而，目前它似乎超賣，可能暗示短期反彈。

Injective Protocol (INJ) Faces Market Headwinds, But Technical Indicators Signal Potential Upside

Injective Protocol (INJ) 面臨市場阻力，但技術指標顯示潛在上漲空間

The Injective Protocol (INJ), a blockchain platform designed for decentralized finance, has experienced a significant market downturn in recent weeks, losing over 20% of its value in May 2024 alone. This bearish trend has resulted in a breach of key moving averages and the token trading below the pivotal support level of $30.

Injective Protocol (INJ) 是一個專為去中心化金融設計的區塊鏈平台，最近幾週經歷了嚴重的市場低迷，僅在 2024 年 5 月就損失了超過 20% 的價值。這種看跌趨勢導致其突破關鍵移動平均線，且代幣交易價格低於 30 美元的關鍵支撐位。

At press time, INJ is trading at $23.02, down 1.02% on an intraday basis. The monthly return ratio for INJ stands at -29.10%, while its yearly return remains at 190%. The pair of INJ/BTC is currently valued at 0.000390 BTC, with a market capitalization of $2.08 billion.

截至發稿，INJ 交易價格為 23.02 美元，盤中下跌 1.02%。 INJ的月回報率為-29.10%，而年回報率仍保持在190%。 INJ/BTC目前估值為0.000390 BTC，市值為20.8億美元。

Bearish Market Sentiment Dampens Momentum

看跌的市場情緒削弱了勢頭

Technical analysis reveals a pronounced bearish sentiment surrounding INJ. The token has been trading in a downtrend, facing rejection from the 200-day EMA, which highlights the dominance of sellers. This downtrend has been reinforced by a range breakdown, indicating further selling pressure.

技術分析揭示了圍繞 INJ 的明顯看跌情緒。該代幣一直處於下跌趨勢，面臨 200 日均線的拒絕，凸顯了賣方的主導地位。這種下降趨勢因區間崩潰而得到加強，顯示進一步的拋售壓力。

Despite the bearish outlook, INJ appears to be oversold, suggesting the possibility of a short-term bounce. However, for a sustained bull run to materialize, buyers need to regain momentum and reverse the current trend.

儘管前景看跌，但 INJ 似乎超賣，表明短期反彈的可能性。然而，要實現持續的牛市，買家需要重拾動力並扭轉當前趨勢。

Technical Indicators Paint a Mixed Picture

技術指標的情況好壞參半

Technical indicators provide a mixed outlook for INJ. Out of 26 indicators analyzed, 14 suggest a sell rating, while 9 remain neutral and only 3 recommend buying. The RSI curve remains in the oversold region, indicating a potential for a rebound.

技術指標顯示 INJ 的前景好壞參半。在分析的 26 個指標中，14 個指標建議賣出評級，9 個指標保持中性，只有 3 個指標建議買進。 RSI曲線仍處於超賣區域，顯示有反彈的潛力。

However, the MACD indicator has formed a bearish crossover, accompanied by the formation of red bars on the histogram, reinforcing the bearish sentiment.

然而，MACD 指標已形成看跌交叉，同時柱狀圖上形成紅柱，強化了看跌情緒。

All-Time High in Daily Transactions Offers Glimmer of Hope

每日交易量創歷史新高帶來一線希望

Despite the market downturn, Injective has recorded an all-time high (ATH) in daily transaction activity, reaching 2.4 million. This surge in activity indicates an increase in investor engagement, suggesting that the platform's underlying fundamentals remain strong.

儘管市場低迷，Injective 的每日交易量仍創下歷史新高 (ATH)，達到 240 萬筆。活動激增顯示投資者參與度增加，顯示該平台的基本面仍然強勁。

However, investors remain cautious and are awaiting further confirmation before committing to fresh positions. A break and close above $30 would signal renewed buying momentum, while continued selling pressure will maintain the bearish outlook.

然而，投資人仍保持謹慎態度，等待進一步確認，然後再決定建立新的部位。突破並收於 30 美元上方將預示著新的買盤動力，而持續的賣壓將維持看跌前景。

Development Activity Declines, Open Interest Surge Hints at Short Buildup

開發活動下降，未平倉合約激增暗示空頭增加

Development activity has witnessed a notable decline, reflecting a slowdown in development efforts. On the other hand, open interest has spiked, indicating an increase in derivative activity and a potential buildup of short positions, which could further weigh on the price of INJ.

開發活動顯著下降，反映出開發力道放緩。另一方面，未平倉合約激增，顯示衍生性商品活動增加，空頭部位可能增加，這可能進一步打壓 INJ 的價格。

Market Capitalization and Trading Volume Drop

市值和交易量下降

Injective's market capitalization has declined by 3.32% to $2.08 billion, ranking it 50th in the overall crypto market. The 24-hour trading volume for INJ has also decreased by over 25.22% to $79.33 million.

Injective的市值下降了3.32%至20.8億美元，在整個加密貨幣市場中排名第50位。 INJ 的 24 小時交易量也下降了 25.22% 以上，至 7,933 萬美元。

Conclusion

結論

The Injective Protocol (INJ) faces headwinds in the current market environment. The token's bearish trajectory is evident in its breach of key moving averages and support levels. However, the token's oversold condition signals the possibility of a short-term bounce.

Injective Protocol (INJ) 在當前的市場環境中面臨阻力。該代幣的看跌軌跡在其突破關鍵移動平均線和支撐位時顯而易見。然而，該代幣的超賣狀況預示著短期反彈的可能性。

Technical indicators provide mixed signals, with some suggesting a sell rating and others indicating a neutral or buy position. A break and close above $30 would be a positive sign for INJ, while continued selling pressure will maintain the bearish outlook.

技術指標提供了混合訊號，一些訊號表明賣出評級，有些則表明中性或買入評級。突破並收於 30 美元上方將是 INJ 的正面訊號，而持續的拋售壓力將維持看跌前景。

Investors are advised to exercise caution and monitor market developments closely before making any investment decisions.

建議投資者在做出任何投資決定之前保持謹慎並密切關注市場發展。