Injective (INJ) jumps 8% to $5.01 as $5 support and selling pressure clash

Injective (INJ) bounced after defending $4.5, rallying to $5.4 before pulling back to around $5.01, a daily gain of 8%. Trading volume rose 113% to $169 million alongside a 17% increase in open interest to $103 million, though spot and futures flows point to continued profit-taking and active selling.