Injective (INJ) is showing signs of a bullish trend reversal as buyers regain control of the market structure. Technical indicators support the recovery, while growing real-world-asset activity strengthens the broader outlook. Traders are now watching whether the improving momentum can sustain the token’s upward trajectory.
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INJ Price Eyes $15 as Buyers Regain Control
Injective (INJ) is showing signs of a potential bullish trend reversal after breaking its previous lower-low structure. Crypto analyst Moe highlighted the improving setup and suggested that the token may have established a bottom following its August decline. The analyst has identified $15 as a potential upside target if the recovery continues.
Source: Moe’s X Post
The outlook comes as INJ rebounds strongly from its August low near $3.95. The token has since recovered key technical levels and pushed above $5.90, suggesting that buyers are beginning to regain control after an extended period of weakness.
Injective Technical Support Strengthens Reversal
According to the TradingView chart analysis, Injective formed a significant low around $3.95 before beginning its recovery. Strong green candlesticks then pushed the price through the $5.90 area and above previous swing highs.
Source: TradingView
The move has also resulted in a break of the lower-low structure that previously defined INJ’s bearish trend. Such a structural shift can indicate that selling pressure is weakening and that buyers are attempting to establish a new sequence of higher highs and higher lows.
INJ is currently positioned above its exponential moving averages, which are arranged in a bullish order. The EMAs could provide multiple layers of dynamic support if the token experiences a short-term pullback.
Also Read: INJ Price Eyes $17 as Bullish Momentum, Staking, and Open Interest Surge
MACD Signals Support Upward Recovery for INJ
In addition, the momentum indicators seem to be favoring the recovery. As it can be seen, the MACD line is trading above its signal line in positive territory, and the histogram is posting green bars.
This configuration points to the fact that the bullish momentum is intact. Nevertheless, it is worth noting that the INJ price is expected to consolidate following its approach of $6.80.
The $5.45 level is still an important intermediate level of support. Maintaining above this level will be conducive to maintaining the positive market structure and may provide a better foundation for buyers to attempt another rally. Below this level, the current bullish formation may become less convincing.
Derivatives Market Sends Mixed Signals
Injective’s derivative statistics have been inconclusive for the period under discussion. Firstly, the trading volume of INJ derivatives is down 23.95% to $136.10 million, showing signs of less market activity.
Source: Coinglass
On the other hand, the open interest has increased by 1.41% to $128.48 million. This indicates that although there has been a decline in market activity, market participants are still holding their positions.
An increase in open interest along with a rise in price will add fuel to the buying activity if it gains momentum. However, it may heighten the volatility levels if there is a heavy concentration of positions on significant resistance and support levels.
$1B RWA Milestone Strengthens Narrative
Momentum is not the only element contributing to the positive outlook for Injective. Data provided by Injective shows that in excess of $1 billion worth of real estate mortgages are tokenized on their platform.
Source: Injective’s X Post
This milestone adds another chapter to the real-world asset story by Injective, showcasing the rising activity with tokenized financial assets. This data is also available at rwa.xyz, which monitors the progress made in tokenized real-world assets on different blockchains.
An increase in RWA can enhance the usefulness of Injective in the long run through its application in financial markets on-chain. It will serve as the basic catalyst to the enhanced technical structure.
What Happens Next for INJ?
It should be noted that the $15 forecast is a prediction of the analyst and is not a guarantee of price levels. If Moe’s positive scenario is to work out, INJ must retain its recovery pattern and form higher highs above resistance.
Breaking out the $6.80 level will serve as additional evidence that bulls are in control, and staying above $5.45 will help to keep the pattern alive.
The bears’ structure is broken for Injective, and now the coin is experiencing a bullish EMA setup, positive MACD dynamics, and increasing RWA volume. The future success in terms of extending the price movement towards the $15 mark depends on the further continuation of buying and the preservation of the bullish pattern.
Also Read: INJ Price Eyes Recovery Toward $100 as Network Growth Strengthens Outlook
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
