Bulls and Bears Clash as Injective Hovers at Critical $12.5 Support Gate

Injective (INJ) remains in a tight trading range above the $12.5 support level amid diverging analyst views on its near-term trajectory. The token, currently priced around $13, has seen a 2% decline on a daily basis and a 2% weekly drop. Analysts are closely monitoring whether bulls can push the price higher toward $14, which could reignite bullish momentum, or if a breakdown below $12.5 would lead to further downside risk. The $12.5–$12.7 support band has served as a key area of consolidation in recent sessions, with Alpha Crypto Signal labeling it as decisive for the asset’s short-term direction [1].

Technical indicators suggest a mixed outlook. The EMA 9 and SMA 50 are currently at $13.09 and $13.92, respectively, forming a cluster of resistance just above the current price. A successful break through this range could mark the first step in a broader recovery. However, Alpha Crypto Signal emphasized that unless INJ reclaims the $14 threshold with strong volume, the overall structure remains neutral to bearish [1]. A breakdown below $12.5 could see the price dip into the $11.8–$11.5 range, where previous consolidation occurred, before further tests of key psychological levels.

A more bearish scenario has been outlined by analyst Ali Martinez, who identified a breakdown from an ascending triangle pattern that has guided INJ’s price since March. This breakdown, according to Martinez, confirms a shift in the trend and opens the door for a move down to $8.22. He mapped potential retracement levels at $11.66, $10.53, $9.51, and $8.22, warning that while temporary rebounds may occur, the overall bias remains to the downside unless the trendline is retested and defended [1]. This bearish projection highlights the fragility of the current price structure.

Despite the technical uncertainty, on-chain activity continues to show strength. Renksi reported $62.6 billion in on-chain trading volume, with steady flow through trades, burns, and blocks. This activity reflects ongoing participation in the Injective ecosystem, even as price volatility persists. The Injective community has also been active in expanding the token’s reach, with new initiatives launching in Japan and the SEC initiating a comment period for a potential INJ ETF [1].

Analyst CryptoBusy noted that INJ’s historical price behavior aligns with a pattern where major rallies begin after extended consolidation periods followed by sharp price expansions. However, momentum indicators like the MACD are currently flattening, suggesting that the market may be approaching a turning point. While this could signal a shift in sentiment, the immediate direction remains unclear until the key $12.5–$12.7 support zone is tested more definitively.

Source:

[1] INJ Struggles at Crucial $12.5 Zone, Can Bulls Reclaim $14? (https://cryptopotato.com/inj-struggles-at-crucial-12-5-zone-can-bulls-reclaim-14/?amp)