Injective Surges 59% in 90 Days, Mimics Chainlink's 2024 Rally Pattern

As the third quarter of 2025 begins, the cryptocurrency market continues its upward trajectory from the second quarter, with Ethereum (ETH) leading the way, trading near $2,515 and showing a weekly gain of over 3%. This momentum has sparked interest in various altcoins, with Injective (INJ) emerging as a standout performer. INJ has surged more than 59% in the past 90 days, but what has caught the attention of analysts is the fractal pattern it is currently forming, which bears a striking resemblance to the pattern seen in Chainlink (LINK) before its significant rally in late 2024.

Looking back at LINK’s 2024 chart, it experienced a prolonged downtrend that culminated in a head-and-shoulders top formation, followed by a multi-month consolidation phase. The turning point came when LINK found strong support in a demand zone near $8.50 and reclaimed both its 50- and 100-week moving averages. This confluence of signals triggered a powerful rally, eventually sending LINK soaring to $30, marking a 200%+ gain.

Injective (INJ) appears to be following a nearly identical pattern. The price action recently tested INJ’s demand zone near $9, an area that previously acted as strong support, and has since bounced to a current price of $10.86. Similar to LINK’s past performance, INJ’s price is now compressing just below the 100-day moving average, which sits around $12.01. A decisive move above this level could signal a breakout for Injective, potentially flipping its momentum from bearish to bullish.

While technical setups do not guarantee outcomes, crypto markets have a strong tendency to repeat familiar fractals, especially when broader sentiment is turning positive. If Injective follows a similar recovery path to Chainlink, a breakout above $12.01 could mark the beginning of a significant uptrend. The next logical upside target for INJ sits near $18, representing a potential 66% gain from current levels.