Injective (INJ) has reached a point where price action is starting to tighten. After months of drifting lower, INJ is now pressing against the end of a descending structure on the weekly chart.
That compression is happening right on top of a key support zone around $5.50–$6.00, which is why traders are paying closer attention again.
Elite analyst Globe Of Crypto shared on X that INJ is bouncing from support while trading near the apex of a descending triangle. When price runs out of space inside this kind of structure, it usually does not stay quiet for long.
_****ASTER Price Prediction 2026: The $10 Target Is Back on the Table**
What the Injective Chart Is Showing
The INJ price has been forming lower highs while repeatedly holding the same support area. That pattern has created a descending triangle, a structure that often resolves with a strong move once price reaches the end of the range.
Right now, INJ is doing exactly that. The distance between resistance and support has narrowed, leaving less room for sideways movement.
At the same time, price has started to react positively off support instead of breaking down, which shifts attention toward a possible upside resolution. This is not a breakout yet, but the setup is clearly maturing.
Source: X/GlobeofCrypto
Why This Zone Matters For INJ
Support has held multiple times on the weekly chart. Each test has attracted buyers, suggesting demand is still present even after a long downtrend. If sellers were fully in control, price would likely have broken lower by now.
Instead, the INJ price continues to defend this level while resistance slopes downward. That combination increases pressure. Eventually, one side has to give.
If INJ breaks out of the descending structure and holds above it, momentum could build quickly. There is little recent structure overhead, which is why some analysts are talking about a sharp expansion move if confirmation comes.
_****Here’s Why Dogwifhat (WIF) Price Is Pumping Hard Today**
Moves out of long weekly compressions tend to be fast, especially when price has already spent months resetting sentiment and shaking out weak positions.
Moreover, the setup only works while support holds. A clean weekly breakdown below the current base would invalidate the bullish scenario and reopen downside risk.
That level is the line traders are using to manage risk. Until price chooses a direction, patience matters more than prediction.
The INJ price is no longer drifting. It is compressing. The chart suggests price is approaching a decision point, where continuation or rejection becomes clear.
Whether the next move is up or down will depend on how price reacts as it runs out of room. What is clear is that INJ is close to making that decision, and the market is watching closely.
_****BNB Price Keeps Grinding Higher – Here’s Why Dips Keep Getting Bought**
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sonic Price May Experience Technical Reversal: RSI Bullish Divergence Emerges, $0.03 Becomes a Key Support Level
Sonic token recently found support at $0.03, and the RSI shows a bullish divergence, indicating weakening downside momentum. If the support remains effective, the price could rebound to $0.04. Both technical and fundamental analyses show positive signals, but if the key support is broken, bears may regain control.
GateNews23m ago
Ethereum funding rate turns negative! ETF outflows, staking yields are lower than stablecoins
Ethereum perpetual contract funding rates turn negative, indicating increased demand for shorts and a clear market bearish sentiment. Institutional demand remains weak, partly due to relatively low staking yields and a lack of sustained capital inflows. On-chain data and technical developments have failed to boost confidence, but Ethereum's DeFi ecosystem still maintains a strong moat. It is necessary to observe a rebound in funding rates and improvements in transaction fee revenue to determine the future market trend.
MarketWhisper31m ago
Bitcoin stabilizes above $70,000, IEA may release the largest-ever crude oil reserves, global risk asset sentiment improves
Bitcoin recently broke through $70,000 again, influenced by changes in the energy market. Its price once reached $71,612 before falling back to $70,036. The market sentiment is related to discussions with the International Energy Agency about releasing strategic oil reserves, and the decline in Brent crude oil prices is seen as a signal to reduce inflation pressure. The market is focused on the Federal Reserve policy meeting, with expectations that if oil prices remain below $90, it will create room for interest rate cuts.
GateNews35m ago
Bitcoin derivatives market turns bullish, traders bet on BTC surging past $80,000
Bitcoin market sentiment is improving, with more traders expecting the price to break above $80,000 in the coming months. The options market signals a bullish bias. Currently, Bitcoin is trading near $70,000, and analysts believe that if the bullish sentiment continues, a new directional move may emerge in the future.
GateNews37m ago
XRP Ledger daily trading volume soars to 2.7 million transactions, RWA enthusiasm heats up, but XRP price remains trapped in the $1.34—$1.44 range
XRP price has recently been volatile, staying between $1.34 and $1.44. However, XRP Ledger transaction activity has increased, with a daily trading volume of 2.7 million transactions, mainly driven by real-world asset tokenization projects. Analysts point out that the market is in a consolidation phase, with a focus on the stability of the $1.34-$1.35 support level. If this support holds, a breakout above $1.44 could be possible.
GateNews39m ago
Ethereum network activity reaches a new all-time high, but ETH price has fallen 30% over 6 months, ranking third in fee revenue.
Ethereum network activity reaches a new all-time high, with multiple indicators showing a significant increase in daily active addresses and smart contract calls. However, ETH price has fallen about 30% over the past six months, indicating a net capital outflow. Analysis suggests that capital flows have a greater impact on price. Despite Ethereum hosting a large amount of stablecoins, its value capture has not kept pace with the growth in network usage.
GateNews1h ago
