Key Takeaways
Injective was testing a key trendline support at the time of writing. This trendline stretched back to April, and its failure could see prices fall to $12 and $10 in the coming weeks.
Injective [INJ] looked primed for another downward leg, observed crypto analyst Ali Martinez.
AMBCrypto found that the altcoin was bearish across multiple timeframes. The buying pressure to halt the descent at the trendline support was missing.
Source: Ali on X
This weakness could see the price falter and retest the $12 demand zone. A deeper correction to $10.3 would become viable, especially if Bitcoin [BTC] falls toward the $100k mark.
Weekly rejection stalls bullish case
Source: INJ/USDT on TradingView
On the 1-week chart, Injective showed a bearish swing structure. The swing points were at $35.26 and $6.34, made in December 2024 and April 2025, respectively.
The $15.48 level marked the local weekly resistance that INJ bulls have tried to breach over the past month. They failed, and over the past two weeks, INJ faced repeated rejection at this resistance.
Even though the CMF was above +0.05 to reflect inflow pressure, Injective prices were still unable to breakout past the $15.5 resistance region.
In the coming days, the 20-period moving average at $12.38 would likely be tested as support.
Daily chart signals: trendline under fire
Source: INJ/USDT on TradingView
On the 1-day chart, the trendline support mentioned earlier was under attack.
However, the bullish order block at $12.2 was likely to serve as a demand zone, even if the trendline gave way.
The technical indicators showed bears had the upper hand.
CMF slipped below 0.05, signaling heavy capital outflows. Meanwhile, MACD crossed bearish weeks ago and recently dropped under zero—hinting that further losses were likely.
Lower timeframes confirm bearish drift
Source: INJ/USDT on TradingView
The lower timeframe market structure was also bearish. The lower highs and lower lows were marked in yellow. At the time of writing, the $12.67 low was under threat.
Even though the CMF was above +0.05, the bearish structure and low trading volume meant that a move downward was likely.
The $12-$12.1 demand zone would be next week’s price target.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
