单射协议（INJ）面临市场困境，但技术面暗示潜在的上涨

Injective Protocol (INJ) 最近面临看跌轨迹，过去一个月经历了超过 20% 的修正。买家失去动力，导致价格跌破关键移动平均线。技术指标显示下降趋势，代币交易低于 200 日均线，并在此水平遭遇拒绝。观察到范围崩溃，代币面临抛售压力。然而，目前它似乎超卖，可能暗示短期反弹。

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

Injective Protocol (INJ) 面临市场阻力，但技术指标显示潜在上涨空间

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) 是一个专为去中心化金融设计的区块链平台，最近几周经历了严重的市场低迷，仅在 2024 年 5 月就损失了超过 20% 的价值。这种看跌趋势导致其突破关键移动平均线，且代币交易价格低于 30 美元的关键支撑位。

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.

截至发稿，INJ 交易价格为 23.02 美元，盘中下跌 1.02%。 INJ的月回报率为-29.10%，而年回报率仍保持在190%。 INJ/BTC目前估值为0.000390 BTC，市值为20.8亿美元。

Bearish Market Sentiment Dampens Momentum

看跌的市场情绪削弱了势头

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.

技术分析揭示了围绕 INJ 的明显看跌情绪。该代币一直处于下跌趋势，面临 200 日均线的拒绝，这凸显了卖方的主导地位。这种下降趋势因区间崩溃而得到加强，表明进一步的抛售压力。

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.

尽管前景看跌，但 INJ 似乎超卖，表明短期反弹的可能性。然而，要实现持续的牛市，买家需要重拾动力并扭转当前趋势。

Technical Indicators Paint a Mixed Picture

技术指标的情况好坏参半

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.

技术指标显示 INJ 的前景好坏参半。在分析的 26 个指标中，14 个指标建议卖出评级，9 个指标保持中性，只有 3 个指标建议买入。 RSI曲线仍处于超卖区域，表明有反弹的潜力。

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 指标已形成看跌交叉，同时柱状图上形成红柱，强化了看跌情绪。

All-Time High in Daily Transactions Offers Glimmer of Hope

每日交易量创历史新高带来一线希望

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.

尽管市场低迷，Injective 的日交易量仍创下历史新高 (ATH)，达到 240 万笔。活动激增表明投资者参与度增加，表明该平台的基本面依然强劲。

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，投资者仍保持谨慎态度，等待进一步确认，然后再决定建立新的头寸。突破并收于 30 美元上方将预示着新的买盘动力，而持续的卖压将维持看跌前景。

Development Activity Declines, Open Interest Surge Hints at Short Buildup

开发活动下降，未平仓合约激增暗示空头增加

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.

开发活动显着下降，反映出开发力度放缓。另一方面，未平仓合约激增，表明衍生品活动增加，空头头寸可能增加，这可能进一步打压 INJ 的价格。

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20.8亿美元，在整个加密货币市场中排名第50位。 INJ 的 24 小时交易量也下降了 25.22% 以上，至 7933 万美元。

Conclusion

结论

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) 在当前的市场环境中面临阻力。该代币的看跌轨迹在其突破关键移动平均线和支撑位时显而易见。然而，该代币的超卖状况预示着短期反弹的可能性。

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.

技术指标提供了混合信号，一些信号表明卖出评级，另一些则表明中性或买入评级。突破并收于 30 美元上方将是 INJ 的积极信号，而持续的抛售压力将维持看跌前景。

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

建议投资者在做出任何投资决定之前保持谨慎并密切关注市场发展。