Injective (INJ) Price Jumps 50% — Can the Rally Continue?

Injective (INJ) has staged a strong recovery from its August low around $4.00, gaining more than 50% and recently accelerating toward the $6.50 area. The sharp rebound has significantly improved INJ's technical picture, with the token also reclaiming several important price levels along the way.

While the strength of the latest move could support further upside, such a rapid advance also increases the possibility of a short-term correction. The key question is whether INJ can maintain its improving structure and continue toward higher targets or whether a pullback could provide a more attractive entry opportunity.

Injective (INJ) technical analysis

INJUSD - 1 Day Time Frame

INJ has moved above two important 0.5 Fibonacci retracement levels around $5.00 and $5.70, strengthening the current bullish setup. The first level around $5.00 has already been successfully reclaimed, while the latest advance has also taken the token above the higher midpoint near $5.70.

As long as INJ continues to hold these areas, the broader technical picture could remain constructive. In the event of a correction, $5.70 could represent the first important reaction area, while a deeper pullback toward $5.00 could provide a more attractive entry price.

The latest move from the September low has been highly impulsive, pushing INJ toward $6.50 within only a few trading sessions. After such a strong expansion, a short-term correction would not necessarily signal the end of the recovery. Instead, a controlled pullback toward $5.70 or potentially $5.00 could improve the risk-to-reward profile for a potential long position while keeping the broader bullish structure intact.

Injective (INJ) price target

If bullish momentum continues, the first major upside target is the Buy-Side Liquidity area around $7.30, which also corresponds with the June high. A sustained move above this area could strengthen the bullish scenario and shift attention toward the next Buy-Side Liquidity levels around $9.20 and $10.10. These areas represent the main potential Take Profit levels if INJ manages to extend its current recovery.

Conversely, a correction toward $5.70 could provide an important test of the improving structure. A deeper move toward $5.00 would place greater importance on whether buyers can defend the lower Fibonacci level, while sustained weakness below this area could undermine the current bullish setup.

For now, INJ presents a constructive technical picture after recovering more than 50% from its August low and moving above both 0.5 Fibonacci levels at $5.00 and $5.70. While further upside remains possible, a correction toward these areas could provide a more favorable entry than chasing the latest impulsive move. If bullish momentum continues, attention could remain on $7.30, $9.20, and $10.10 as the main upside targets.

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