INJ weekly review: support at $4.56 tested amid strong selling

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Injective slips 2.10% this week

Highlights

Injective integrated Chainlink Data Streams, enabling decentralized applications to access real-world price feeds and signaling ongoing ecosystem expansion.
Over 6 million INJ tokens were permanently removed through community buybacks and burns, reducing total supply from the capped 100 million tokens and supporting tokenomics.
Daily active users hit new all-time highs while Revolut users staked over 200,000 INJ, and MultiVM mainnet plans demonstrated continued technical innovation and institutional adoption momentum.

Ecosystem growth and token burns drive record user activity this week

Injective advanced its ecosystem by integrating Chainlink Data Streams, allowing decentralized applications to access real-world price feeds. Over 6 million INJ tokens were permanently removed through community buybacks and burns, reducing circulating supply from the capped 100 million tokens. Daily active users reached new highs and institutional adoption grew as Revolut users staked more than 200,000 INJ, while plans for a MultiVM mainnet continue to show technical innovation.

Technical indicators reinforce sustained downtrend amid oversold signals over the week

On the weekly chart, technical indicators continue to signal persistent bearish pressure. INJ trades well below its moving averages, with the nearest dynamic resistance at the Ichimoku Kijun level of $9.65. Weekly momentum indicators, including MACD and an ADX reading of 22.53, favor sellers, while RSI (34.53), Stoch RSI, and CCI reflect oversold or weak conditions and limited buyer interest. The BBP highlights an oversold market bias, and the Awesome Oscillator remains neutral, confirming the ongoing downtrend amid moderate volatility. Support is seen at $4.56, with weekly resistance at $5.58.

Limited rebound prospects as downside risks dominate coming week

Over the next five to seven trading days, INJ is expected to stabilize within a range of $4.56 to $5.58, with persistent but slowing selling pressure. There is a very high probability of further downside, and the likelihood of a near-term reversal remains low. A break above $5.58 could spark a short-lived recovery, while a close below $4.56 would increase the risk of accelerated declines.

Anton Kharitonov, expert at Traders Union, sees INJ’s performance this week as broadly negative, with the asset closing over 2% lower and maintaining a persistent downtrend below all major weekly moving averages. He notes that while ecosystem developments like Chainlink integration, increased active users, and new staking channels highlight strong fundamentals, these have not shifted overall market sentiment or reversed technical pressures. Technical indicators remain firmly bearish, with momentum, RSI, and trend strength all favoring sellers. Critical support is seen at $4.56, and resistance stands at $5.58. Kharitonov believes there is little chance for a sustained rebound as long as price remains below resistance and selling persists. "Until INJ breaks above $5.58 with convincing strength, I expect the downtrend to dominate and see no reason to anticipate recovery this week."

Previously, it was noted that Injective experienced heightened volatility, with mixed technical signals reflecting both continued buyer interest and caution amid overbought conditions. Analysts projected a mostly sideways or lower trajectory over the next week, with the probability of sustained increases viewed as low.

Source of Data: INJ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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