INJ's $12.67 Support Could Decide Its Fate—Bull or Bear?

Injective Protocol (INJ) has drawn attention from traders and analysts as it approaches a pivotal $17 resistance level, with many watching closely for signs of a potential breakout. On August 26, 2025, INJ was trading at $13.31, positioning it below key short-term moving averages but above long-term support levels. Analysts are closely monitoring technical indicators to determine the token’s next major directional move, with a 30-day price prediction suggesting a potential recovery to $16.50, a 24% upside from current levels [1].

Technical analysis highlights the token’s current position in a consolidation phase. The RSI sits at 46.64, indicating a neutral state, while the MACD histogram at -0.1750 signals bearish momentum. This suggests that, although INJ is not yet in overbought territory, downward pressure remains a near-term risk. The Stochastic indicators also suggest that the token is nearing oversold conditions, which could attract buyers if the trend reverses. Meanwhile, Bollinger Band analysis shows INJ closer to its lower band at $12.72, a critical level that could see renewed interest if the token tests support [1].

For the bullish scenario to materialize, INJ must first hold above $12.67, a key support level established during a recent 24-hour low. A successful defense of this level could trigger a rebound, with the immediate target at $14.30 (SMA 20). Following that, the token would need to break above $15.88 (Upper Bollinger Band) to reach the $16.50 resistance level. These movements would require expansion in trading volume and a shift in momentum indicators to confirm the bullish thesis. Analysts are particularly watching for a volume increase beyond the current average of $13.89 million per day, a sign of renewed institutional interest [1].

Conversely, a break below $12.67 would open the door for a bearish scenario. This could lead to further declines toward the $10.24 support zone, a 23% drop from current levels. Such a move would likely see the RSI fall below 40 and the MACD histogram deepen in the negative territory, reinforcing the bearish case. Traders are advised to watch for sustained volume declines and a breakdown below the Lower Bollinger Band as key warning signs [1].

The market presents a mixed opportunity for traders, with the risk-reward ratio favoring those who adopt a patient approach. Aggressive investors may consider entering at $13.31, with tight stop-losses placed below $12.50 and profit targets set between $14.80 and $15.88. For more conservative participants, waiting for a confirmed breakout above $14.30 or a retest of $12.67 as a higher-probability entry point is advisable. Position sizing should remain cautious, with no more than 2-3% of a portfolio allocated to INJ until the directional bias becomes clearer [1].

Analysts estimate a medium confidence level (65%) for the bullish prediction, which spans 2-4 weeks. Confirmation is expected within 5-7 trading days, with key metrics including volume expansion above $15 million, RSI recovery above 50, and a positive MACD histogram. A decisive break below $12.50 would invalidate the bullish thesis and reinforce the bearish outlook. Investors are advised to remain flexible, adjusting positions based on momentum shifts, particularly around the $12.67 and $14.30 levels that will likely define INJ’s near-term trajectory [1].

Source:

[1] INJ Price Prediction: Targeting $16.50 Recovery Within 30 Days (https://blockchain.news/news/20250826-price-prediction-inj-targeting-1650-recovery-within-30-days)

[2] EWM Interactive - Elliott Wave Theory - Market Analysis and (https://ewminteractive.com/)

[3] The United States and Southeast Asia (https://www.cfr.org/report/united-states-and-southeast-asia)