Injective Price Plunge Predicted, But Ethernia Upgrade Offers Potential Boost

Analyst Ali Martinez has issued a bearish outlook for Injective’s price, predicting a significant drop to levels around $11 and potentially as low as $9.40 based on the failure of its ascending trendline support. Currently trading at $12.77 with a 2.57% weekly decline, the token has struggled to hold above $13. This bearish momentum is reinforced by technical indicators such as RSI staying neutral around 53 and MACD flattening, suggesting limited short-term strength.