Why is Injective (INJ) up 6.50% Today, August 12? A Modest Rebound Meets a Mixed Daily Structure

Injective (INJ) gained 6.50% in 24 hours, outperforming a flat-to-slightly lower broader crypto market, suggesting token-specific positioning rather than macro beta. The move is framed as a technical rebound with active turnover, but with no confirmed same-day fundamental catalyst. Structure remains mixed: short-term averages were reclaimed while medium-term trend measures and nearby resistance remain unresolved, keeping follow-through sensitivity elevated.