Injective (INJ) is gradually returning to areas that previously defined its directional moves. Following a strong bull-market advance, price has retraced significantly, bringing the structure close to levels associated with prior accumulation. This raises the question of whether the market is approaching a meaningful support zone or whether further downside remains possible. The current structure is technically notable, and the coming weeks could shape the next medium-term phase.

Injective technical analysis

INJUSD - 1 Week Time Frame

INJ has retraced much of its prior bull-market move and is approaching the broader range from which the previous major rally originated. This range, located between $1.13–$3.04, represents a historically important area of market activity. Price is currently testing the upper boundary of this range, and from a structural perspective, deeper movement back into the range could indicate weakening conditions. The upper boundary also aligns closely with a strong support zone between $2.59–$3.04.

This confluence highlights the importance of this region, where a clear reaction from buyers could occur. If the market is to stabilize and form a local base, increasing activity and a shift in momentum may need to emerge within this zone.

If this area fails to hold, the next significant support lies near the midpoint of the broader range at $2.08. Just below, the psychological level of $2 aligns with another key support region between $1.81–$2.02. This cluster of levels represents another area where increased demand and potential stabilization could develop.

A less probable, yet still possible, scenario would involve a decline toward the lower boundary of the range at $1.13, reflecting a broader weakening of sentiment. Should the market fail to find sufficient support within the second support zone, liquidity below the range could be tested, potentially forming a deeper swing low.

Injective price target

If INJ stabilizes above the nearest support region, the first upside objective could be the resistance zone between $5.28–$5.51. Market behavior around this region may be important, particularly whether a weekly close above the zone can be established, which could indicate strengthening conditions.

If this area is reclaimed, attention could shift toward the resistance between $12.23–$12.86. As with prior levels, sustained acceptance above this region may be required for continued upside development, rather than a short-term reaction.

The same framework applies to higher resistance zones at $19.67–$21.18 and $24.87–$26.67, followed by the broader resistance area between $32.18–$33.41. At each level, a weekly close above resistance could create conditions for further upside, while rejection and a close below may lead to corrective movement. In such cases, monitoring whether the broader structure remains intact may be key, as pullbacks within a larger trend can remain part of normal market behavior.