Injective (INJ) is showing renewed bullish momentum after reclaiming key support, while improving technical signals point to strengthening buyer confidence for the INJ price. Rising network participation and staking activity further reinforce the positive outlook, suggesting the broader recovery could continue if bullish momentum remains intact.
At the time of writing, INJ is trading at $6.46 with a 24-hour trading volume of $213.18 million and a market capitalization of $646.3 million. However, the INJ price has surged by 6.49% over the last 24 hours.
Source: CoinMarketCap
INJ Price Rally Signals Potential Path to $17
The crypto analyst Rekt Capital revealed that the INJ price has strengthened its bullish structure after retracing toward a key technical level and securing a monthly close above it.
The successful retest transformed the zone into a potential support area, signaling renewed buyer confidence. Since confirming that setup, INJ has surged more than 50%, reinforcing expectations that the broader recovery may continue.
Source: RektCapital’s X Post
Attention now turns to whether Injective can sustain its breakout momentum and overcome the next resistance barriers. If buyers maintain control and the reclaimed support remains intact, the technical setup points toward $13 as the next major upside objective.
A stronger continuation could eventually extend the rally toward $17, although market volatility remains a key risk.
Also Read: INJ Price Eyes $13.50 as Breakout Setup Strengthens Amid RWA Growth
Momentum Indicators Support Upward Recovery
According to the TradingView chart analysis, the INJ price shows a decisive bullish recovery following a mid-summer decline toward the $4.00 support level.
The asset is currently trading around $6.40, up 3.56% on the day, after reaching a high of $6.716. A massive green daily candlestick drives this rally, bringing price action directly near early summer resistance levels around $7.00.
Source: TradingView
The technical indicators have also contributed significantly to this positive momentum, although they indicate some overbought levels. In this regard, the RSI 14 is trading at 72.50, above the signal line at 55.97.
Moreover, the MACD is showing a bullish cross with increasing histogram bars, indicating high levels of buying volumes and momentum.
Injective Sees Sharp Rise in Volume and Open Interest
Coinglass data also pointed out that the INJ coin has experienced significant activity on the market as the trading volume has increased by 68.22% to reach $574.78 million.
The open interest also increased by 6.97%, amounting to $155.85 million. This implies that there is active derivatives trade as market participants are preparing for possible price fluctuations.
Source: Coinglass
Following the bullish price predictions and improving technicals and derivatives, the INJ price is moving in an upward direction. This move is also backed by the improving trend in the crypto market as the BTC price has started to move upward.
Injective Staking Hits New ATH With 58.8M INJ
The data from Injective further highlighted that the network has hit an all-time high in terms of the total amount of the staked supply, which currently stands at more than 58.8 million INJ staked on the blockchain.
The achievement reflects growing involvement in the proof-of-stake system of the network as people are more focused on staking rather than trading their tokens.
Source: Injective’s X Post
The staking volume would further bolster the story of Injective in the overall markets by lowering the liquidity of INJ tokens. Even though staking volumes don’t necessarily translate to price increases, consistent staking could be an indicator of greater belief in holders.
As staking volumes keep on growing, Injective is establishing itself among top Layer-1 protocols through staked volume.
What Happens Next?
Further action from the INJ price will be determined by the ability of bulls to hold onto the support region and breach the resistance level near $7.
Bulls must succeed in breaking above resistance to pave the way for a possible move towards the $13 and even $17 levels. It’s important to note that high RSI levels might cause some consolidation.
Also Read: INJ Price Eyes $90 as Token Burn and Rising Activity Fuel Bullish Outlook
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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