What to know:
- INJ price holds above key support while forming higher highs and higher lows.
- Technical outlook remains bullish if price breaks above the $5.84 resistance level.
- Coinbase listing enables native INJ deposits and withdrawals, expanding ecosystem accessibility and liquidity.
Injective (INJ) price remains in a recovery phase despite a recent daily decline, supported by a strengthening technical structure and key support levels. Meanwhile, Coinbase’s native INJ integration improves ecosystem accessibility, increasing market exposure as traders watch for a breakout above major resistance.
At the time of writing, INJ is trading at $5.16, with a 24-hour trading volume of $62.96 million and a market capitalization of $513.67 million. Despite posting a 2.08% decline over the past 24 hours, INJ’s improving price structure suggests the potential for a bullish reversal in the sessions ahead.
Source: CoinMarketCap
Also Read: INJ Price Holds Critical Support as Bullish Signals Point to $6.20 Recovery
INJ Price Builds Stronger Technical Structure
According to the crypto analyst Abundance, INJ is trading near $5.16 after recovering from the $4.45 bottom and forming higher highs and higher lows on the daily chart. Price remains above a rising moving average, while the $5.05–$5.10 zone now acts as immediate support, reinforcing improving bullish momentum and buyer confidence.
The recent rally stalled near $5.30–$5.40, where sellers triggered a short-term pullback. However, small-bodied candles indicate consolidation instead of a sharp reversal. Holding above $5.05 could encourage another attempt toward the $5.84 supply zone, which remains the next major resistance level.
Source: Abundance’s XPost
If the price breaks above the level of $5.84, this will strengthen the upward movement and open the path to the key resistance level of $6.50. In turn, falling below the level of support at $5.05 will signal a move toward the $4.85, $4.60, and $4.45 levels.
Coinbase Expands Native INJ Accessibility
The data from Injective further highlighted that native INJ is now available on Coinbase, enabling Coinbase’s users to gain immediate access to the Injective platform. Buying and selling native INJ has become simpler for traders through Coinbase, which is the largest cryptocurrency exchange in the country.
The integration with Coinbase eliminates all the challenges involved with transferring assets from the exchange into the Injective protocol. Looking to the future, with the increasing number of exchanges supporting the platform, increased liquidity, wider involvement in the ecosystem, and greater INJ awareness can be anticipated.
Despite the bullish price predictions and INJ listing on Coinbase, the INJ price is still moving backward. This move is also backed by the general trend in the crypto market as the BTC price has started to move in a downward direction.
Also Read: INJ Price Prediction: Can It Break Resistance and Surge Toward $22?
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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