INJ Drops 863.05% in 24 Hours Amid Sharp Correction

On AUG 29 2025, INJ dropped by 863.05% within 24 hours to reach $13.53. Over the past seven days, the asset fell by 1066.95%, marking a continuation of a sustained decline that has persisted over the last month and year, with drops of 295.45% and 3470.95% respectively. The recent volatility highlights the depth of the ongoing bearish trend and the heightened sensitivity of INJ to broader market conditions.

Technical indicators point to a deepening bearish momentum in the INJ market. The relative strength index (RSI) has fallen below 30, a level typically associated with oversold conditions, while the moving average convergence divergence (MACD) remains negative, reinforcing the downward trajectory. Additionally, the 50-day and 200-day moving averages are in a steepening bearish crossover, with the shorter-term average continuing to fall below the longer-term. These signals suggest a market in distress, with limited near-term support levels and a high likelihood of further declines.

The price action on INJ has been characterized by a sharp breakdown from recent resistance levels and a lack of buying interest to counter the selling pressure. Multiple attempts to stabilize the price within key support zones have failed, contributing to a loss of confidence among investors. Analysts project that further downward momentum is likely until a clear reversal pattern emerges or a new level of equilibrium is established in the market.

Backtest Hypothesis

To better understand the conditions under which INJ has historically moved downward, a structured backtest was proposed to analyze historical price movements. The objective was to identify days when the asset fell by 10% or more, allowing for a deeper understanding of the patterns and triggers behind such drops. To execute the analysis, the researcher attempted to retrieve historical daily prices for INJ but encountered a technical limitation: the data service could not locate a valid ticker for the asset.

To proceed with the backtest, the researcher requested specific information: either the exact ticker symbol (such as “INJ-USD” or “INJUSDT”) or a preferred exchange (e.g., Binance or Coinbase) where the INJ price series should be sourced. With a valid identifier, the backtest could be automatically generated, covering the period from 2022 to the present. This would enable a more precise analysis of past volatility events and potentially inform future strategies for managing risk exposure in the INJ market.