Injective Network Surges to 87K Active Users as INJ Bulls Charge Toward $7 Resistance
Network activity just exploded. Injective isn't just ticking up—it's making a statement, with user adoption hitting a fever pitch as its native token eyes a critical price threshold.
The User Stampede
Forget gradual growth. The platform witnessed a massive influx, pushing active engagement into the tens of thousands. That kind of spike isn't a coincidence; it's a signal of a protocol finding its product-market fit in the crowded DeFi arena. Real people are using it for real transactions, which is more than can be said for some 'vaporware' projects that still manage to burn through VC millions.
The $7 Battle Line
All eyes are now on that key technical level. Bulls are marshaling their forces, seeing it not as a barrier but as the next checkpoint to breach. The momentum from the usage surge is providing the fundamental fuel for the technical charge. A clean break above could open the path for a significant re-rating.
More Than Just Hype
This is the convergence traders dream of: strong on-chain fundamentals meeting a clear technical narrative. While some assets rise on memes and promises, this move is backed by a demonstrable, growing utility. It turns out building something people actually use can be a decent strategy—who knew?
The stage is set. With a army of new users at its back, INJ is testing a line in the sand. The next few candles will show whether this is just another pump or the start of a new leg. In a market obsessed with shortcuts, genuine adoption might just be the ultimate edge.
INJ Breaks Long-Term Downtrend, Bulls Eye $7 Target
However, the crypto analyst highlighted that Injective (INJ) is also showing some strong momentum, as it has successfully broken out of its long-term downtrend and is also holding well on its retest for a major psychological level at $5.00. This is a sign that the Injective coin’s market structure has once again turned favorable on the charts, indicating that it is getting back under the control of the bulls. Currently, INJ is trading around $5.09. This price is sitting just below an important liquidation level, which could trigger bigger price swings.
Source: X
Data is still supporting the bulls. The short interest is ranged between $5.80, $6.50, and up to $7.20. An obvious target is formed. The funding rates are neutral with a compressed open interest value NEAR $3.34 million, and often a precursor to a volatility explosion. The range is between $4.85 and $5.00, where bulls are in control, with a break above $5.44 leading to a target of $7.00+ or a close below $4.35.
Injective (INJ) Weekly Chart Suggest Bearish Pressure
The INJ is in a clear long-term downtrend on the weekly chart, with price resting in the region of $5.30 after being unable to reclaim past support levels. Lack of good follow-through on past bullish action suggests sellers are still in control of the overall trend. The INJ is currently resting on a demand area, but there has been no identifiable reversal pattern yet.
Source: TradingView
The momentum indicators are generally bearish. The RSI indicator is hovering in the vicinity of 35, suggesting a weak momentum and a close to oversold level without a strong countertrend bounce. The MACD indicator is below the zero level with a series of bars with a negative value, suggesting bear pressure.
Also Read: Injective Holds Support at $4.41: Could INJ Rebound Toward $29?
