Injective’s 12% slide this month has left traders questioning whether the downturn is just temporary turbulence or a signal of deeper weakness. With Q4 in motion, attention is on whether INJ can muster enough strength to reclaim higher ground and potentially retest the $20 level. This analysis looks at Injective’s current technical setup and what factors could drive its next decisive move. Injective (INJ) Displays Mixed Signals Amid Price Struggles Source: tradingview  Injective (INJ) is navigating choppy waters with its current price between nearly $14 and $17. The coin faces a tough ceiling at $18, while finding some ground just above $12. Lately, the price has dipped by more than 10% in a week, showing a weakening trend over the month and the past six months as well. Despite the current downturn, if market conditions improve, there is potential for growth. INJ could surge over 25% to the next major resistance at $21. However, with an RSI of 38, the coin is not oversold yet, leaving plenty of room for potential upward momentum if the bulls take charge. Conclusion Despite recent declines, Injective’s support near $12 and resistance around $18–$21 provide a clear roadmap for potential recovery. With its RSI still leaving room for upward momentum, a rebound toward $20 remains on the table if buying pressure picks up. While caution is warranted given recent weakness, INJ could still surprise with a late-year push, making it one to watch closely through Q4. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Injective’s 12% slide this month has left traders questioning whether the downturn is just temporary turbulence or a signal of deeper weakness. With Q4 in motion, attention is on whether INJ can muster enough strength to reclaim higher ground and potentially retest the $20 level. This analysis looks at Injective’s current technical setup and what factors could drive its next decisive move. Injective (INJ) Displays Mixed Signals Amid Price Struggles Source: tradingview  Injective (INJ) is navigating choppy waters with its current price between nearly $14 and $17. The coin faces a tough ceiling at $18, while finding some ground just above $12. Lately, the price has dipped by more than 10% in a week, showing a weakening trend over the month and the past six months as well. Despite the current downturn, if market conditions improve, there is potential for growth. INJ could surge over 25% to the next major resistance at $21. However, with an RSI of 38, the coin is not oversold yet, leaving plenty of room for potential upward momentum if the bulls take charge. Conclusion Despite recent declines, Injective’s support near $12 and resistance around $18–$21 provide a clear roadmap for potential recovery. With its RSI still leaving room for upward momentum, a rebound toward $20 remains on the table if buying pressure picks up. While caution is warranted given recent weakness, INJ could still surprise with a late-year push, making it one to watch closely through Q4. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more