Injective Price Faces Bearish Pressure but Bullish Support Holds at $8.41

The Injective price has experienced a bearish breakdown, falling below the $7.77 support level and currently trading around $8.41. While the bears are attempting to push prices further down, bulls are defending the key resistance level of $8.41. Despite recent market volatility, Injective’s growing DeFi network and attractive features like zero gas fees and cross-chain trading continue to attract interest from institutional investors.