This is an amazing Cryptocurrency pair, based on the numbers and charts only as I am not aware of any fundamentals... Injective Protocol (INJUSDT) produced a massive 2,357% bullish wave starting July 2022... It is now set to start a major correction the chart shows.
Trading volume peaked January 2023, almost a year ago.
From January 2023 through this day, December 2023, trading volume has been dropping.
The RSI peaked late October while INJUSDT just hit a new high today, producing a strong bearish divergence.
Divergences with the oscillators tend to happen preceding a change of trend.
That's about it.
Bitcoin starts bearish after 8 consecutive weeks green, signaling that the bullish trend is taking a break and the big Altcoins tend to follow and this one is big... Look at the numbers...
Namaste.