Date: Sun, May 04, 2025 | 12:50 PM GMT
After a rocky start to 2025 — with Ethereum (ETH) plunging 45% in Q1 — the crypto market is beginning to show some much-needed strength. ETH has already rebounded over 31% from its April 7 low, and this positive momentum is now rippling into the altcoin space.
One standout showing early signs of revival is Injective (INJ). While still down roughly 51% year-to-date, INJ has climbed 16% in the past 30 days. But this isn't just a simple bounce — a powerful fractal pattern forming on the chart suggests something bigger might be brewing.
Source: Coinmarketcap
INJ Mirrors NEAR’s Previous Bullish Setup
Take a look at the chart above. On the left, we see NEAR Protocol (NEAR) in February 2024. After forming a textbook bearish Gartley harmonic pattern, NEAR made a short pullback from point D (highlighted in red) — right into support from the 50-day moving average — before exploding more than 150% to the upside.
NEAR and INJ Chart Fractal Chart/Coinsprobe (Source: Tradingview)
Now, on the right, we see Injective (INJ) showing strikingly similar price action. The same bearish Gartley pattern has completed, and $INJ is currently pulling back from its point D — again, finding support near its 50-day moving average (currently around $9.06).
What’s Next for Injective?
If Injective can reclaim $10.53 — the resistance level at point D — and maintain strength above the 50-day MA, a bullish breakout may follow, just like NEAR’s did last year.
While nothing in crypto is guaranteed, this repeating fractal pattern suggests the potential for a major rebound may be on the horizon — possibly even a double-digit percentage rally if momentum returns to the broader market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
