After an impressive rally, Injective (INJ) appears to be running out of steam. Technical indicators are hinting at a potential sharp correction, raising concerns about a drop below the psychological $10 mark. Explore the signals that could trigger this downturn.
Technical analysis of cryptocurrencies is essential for investors and traders in this volatile market. According to recent observations, the cryptocurrency Injective (INJ) appears poised for a significant decline, approaching the crucial demand zone at $10. Let’s explore the key elements of this expert analysis.
Injective was recently testing a crucial support trendline dating back to April. A failure of this trendline could lead to a price drop toward the $12 and $10 levels in the coming weeks. Crypto analyst Ali Martinez has indeed observed that Injective is showing signs of weakness across multiple timeframes. The buying pressure needed to halt the descent is critically lacking.
On the weekly chart, Injective has displayed a bearish structure, with rebound points at $35.26 and $6.34 in December 2024 and April 2025 respectively. Despite inflow pressure according to the CMF, prices failed to break through the resistance at $15.48 on the weekly timeframe. A potential recovery is expected to test the 20-period moving average at $12.38.
On the daily chart, the trendline was under pressure, although a bullish order block at $12.2 could act as a demand zone. Technical indicators show bearish dominance, with the CMF dropping below 0.05 and the MACD falling below zero. This suggests additional losses are likely.
Finally, the 2-hour timeframe confirms this bearish trend, with a market structure showing lower lows. Although the CMF remains above +0.05, the weak structure and low trading volume suggest a continuation of the correction toward the demand zone at $12-12.1.
Related topics:
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
