Is The Bearish Dominance Increasing Over Inj Token Price?

Injective Protocol has a market cap of $2.1 Billion and is ranked 49th in the CMC. It has a supply of 100 Million in which 93% of it is circulating in the market. INJ token price is currently trading near the value of $23.35 with a drop of 1.57% in the intraday session. Meanwhile,the volume of the token has seen a surge of 114% in the past 24 hours.
INJ token price is trading below the 50 and 200 EMA with the upcoming negative crossover. The negative crossover can increase the bearish momentum on price. INJ token support level can be observed near the value of $20 while the resistance can be seen near $31.
RSI and MACD of the token price is in a neutral zone with weak bearish sentiments.