Injective Gains 8.98% as Price Reaches $7.64 in 24 Hours

Injective (INJ) was trading at $7.64, up 8.98% over 24 hours, on Wednesday, Nov. 4. Binance futures open interest stood at $20,828,486 after declining 0.95% over 24 hours. Funding was +0.0100%, a neutral-to-slightly-positive reading. Technical indicators were mixed. The daily relative strength index (RSI) was 50.05, while the moving average convergence-divergence (MACD) reading was -0.1135 and its histogram was near zero. The listed simple moving averages were $7.26 for seven days, $7.92 for 20 days and $7.68 for 50 days. The Bollinger middle band also stood at $7.92. The technical map marked $7.89 and $8.14 as resistance levels.