Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: IN broke below its 30-day SMA ($0.0852) and Fibonacci 38.2% retracement level ($0.0889). The RSI (49.67) suggests neutral momentum but leans bearish after failing to hold above 50.
What this means: Technical traders often interpret breaks below moving averages and Fib levels as sell signals. The MACD histogram’s slight bullish divergence (+0.00258) wasn’t enough to offset selling pressure, indicating weak conviction.
What to watch: A sustained close above $0.0889 (38.2% Fib) could signal relief, while a drop below $0.0836 (50% Fib) risks a retest of October lows.
2. Altcoin Liquidation Wave (Bearish Impact)
Overview: The memecoin/NFT sector lost $5B in 24h (Cointelegraph), with top assets like DOGE and SHIB down 14-20%.
What this means: IN, while fundamentally distinct, is still categorized as a mid-cap altcoin. Traders often lump such assets together during risk-off events, especially with crypto’s Fear & Greed Index at 24 (“Extreme Fear”).
3. Post-Listing Profit-Taking (Mixed Impact)
Overview: IN surged 130% after its October 2025 Upbit/KRW listing (CCN) but has since retraced 25% from its $0.30 peak.
What this means: Early buyers may be taking profits, particularly with IN’s 90-day returns still at +42.11%. The 24h volume decline (-5.51% to $6.33M) suggests reduced buying interest to counter sell orders.
Conclusion
IN’s drop stems from technical triggers magnified by sector-wide de-risking and natural profit-taking after a strong Q4. While its AI-driven DeFi infrastructure partnerships (Infinit_Labs) provide long-term value, short-term sentiment remains tied to Bitcoin’s stability.
Key watch: Can IN hold the $0.0836 support? A break below could see accelerated selling toward $0.07, while reclaiming $0.09 may signal consolidation.