Injective (INJ) Gains 2.0% as it Holds Support Level

Injective (INJ) has recently demonstrated resilience by holding its support level between $9.00 and $12.97, despite experiencing declines in recent weeks. The cryptocurrency is currently trading at $10.67, marking a 2.0% gain over the last 24 hours. This price action is centered around the support level of $10.29, which has historically been a zone of reversal and consolidation. The market is currently assessing the next directional cycle, with volume remaining low, which limits the strength of the ongoing recovery.

The weekly chart for INJ shows a strong structural base forming between the $9.00 and $12.97 range. This support zone has been tested multiple times, most recently in July 2025, when the asset bounced from the $10.38 area, holding above immediate support. This level continues to serve as the threshold for potential upside. If prices remain above this zone, further movement toward resistance levels remains possible.

Upside targets for INJ currently include $12.97 and $16.12, both marked by prior structural resistance. Above these levels, the broader zone between $32.75 and $43.09 represents the next key range. These levels align with former distribution zones from 2024 and may act as checkpoints during any extended rally. Weekly candles continue to form within the base range, suggesting that the consolidation phase may not yet be complete.

While momentum indicators remain mixed, trading volume has yet to surge meaningfully. The current rally lacks strong continuation volume, and price remains within the highlighted zone. Any breakout above $12.97 would require sustained buying interest. Until then, the chart indicates that further price compression may continue. The current price structure resembles a base-building phase, and market participants continue to monitor volatility for confirmation.

According to analysts' forecasts, INJ is anticipated to trade in a channel between $10.23 and $13.84 in 2025, leading to an average annualized price of $11.46. This could result in a potential return on investment of 29.21% compared to the current rates. However, it is important to note that these are forecasts and not guaranteed outcomes.