Injective Ready for an Imminent Drop?

Technical analysis of cryptocurrencies is essential for investors and traders in this volatile market. According to recent observations, the cryptocurrency Injective (INJ) appears poised for a significant decline, approaching the crucial demand zone at $10. Let’s explore the key elements of this expert analysis.

Injective was recently testing a crucial support trendline dating back to April. A failure of this trendline could lead to a price drop toward the $12 and $10 levels in the coming weeks. Crypto analyst Ali Martinez has indeed observed that Injective is showing signs of weakness across multiple timeframes. The buying pressure needed to halt the descent is critically lacking.

INJ Under the Microscope: What Do the Charts Say?

On the weekly chart, Injective has displayed a bearish structure, with rebound points at $35.26 and $6.34 in December 2024 and April 2025 respectively. Despite inflow pressure according to the CMF, prices failed to break through the resistance at $15.48 on the weekly timeframe. A potential recovery is expected to test the 20-period moving average at $12.38.

On the daily chart, the trendline was under pressure, although a bullish order block at $12.2 could act as a demand zone. Technical indicators show bearish dominance, with the CMF dropping below 0.05 and the MACD falling below zero. This suggests additional losses are likely.

Finally, the 2-hour timeframe confirms this bearish trend, with a market structure showing lower lows. Although the CMF remains above +0.05, the weak structure and low trading volume suggest a continuation of the correction toward the demand zone at $12-12.1.