Injective INJ Drops 20% Monthly Amid Bearish Sentiment Raydium RAY Plummets 62% in a Month Hyperliquid HYPE Falls 35% but Shows 6-Month Recovery

In a volatile market, diversification is key to managing risks. Three decentralized exchange (DEX) tokens, Injective (INJ), Raydium (RAY), and Hyperliquid (HYPE), have shown growth potential and could offer significant opportunities for investors.

Injective (INJ) has experienced a sustained decline, with a 15.95% drop over the past week and a monthly decline nearing 20%. Over the last six months, INJ has seen a significant decrease of 31.04%, reflecting growing bearish sentiment among traders. The token currently trades within the range of approximately $9.87 and $18.68, with resistance levels at $24.03 and $32.83, and support near $6.43. Technical indicators such as the Awesome Oscillator, Momentum, and RSI suggest that bears dominate the market, making short positions near resistance and buys at support potential strategies for traders.

Raydium (RAY) has also faced a bearish drop, with a 62.63% decline in the last month. However, over the previous six months, it had seen an increase of 34.81%, indicating significant volatility. The recent weekly changes have shown a decline of 19.45%, suggesting that bearish sentiment has taken hold. Current price levels range from $0.59 to $5.79, with resistance identified at $9.13 and $14.33. Negative momentum indicators and an RSI close to 29 indicate bearish dominance, but oversold conditions could stimulate buying interest. Traders should watch for signs of stabilization before considering entry points near resistance levels.

Hyperliquid (HYPE) has experienced a steep 35.83% decline over the last month, but the six-month window shows a strong recovery with a 59.19% gain. A weekly drop of 20.19% signals notable short-term volatility. Price action has swung widely, reflecting a mix of rapid contraction and subsequent rebound. Current prices range between $15.17 and $26.59, with the nearest support at $10.41 and resistance at $33.24. Technical indicators show subdued momentum with an RSI at 32.48 and weak oscillator values,