Crypto Market Pulse – Uptrend & Downtrend Coin Updates
Injective (INJ) is leading the altcoin rally this week, with a remarkable 18% price increase over the last seven days. The bullish move is largely fueled by optimism around Injective’s expanding DeFi ecosystem and a series of developer updates released earlier this month. The coin has broken through a key resistance level at $28, now trading near $33 as of May 22, 2025.
Investors are particularly excited about the upcoming launch of Injective's Layer-3 rollup framework, aimed at making custom DeFi applications faster and more scalable. Whales have been accumulating INJ since early May, and on-chain data suggests the trend is far from over.
With Bitcoin dominance slightly declining and altcoins regaining attention, INJ is standing out as a strong performer. Technical indicators like the RSI remain in bullish territory, and social media sentiment around the coin has surged.
Insert image here: INJ price chart or logo overlay with price movement
While some altcoins are enjoying green candles, Arbitrum (ARB)$ARB is on the opposite trajectory. The coin has dropped 12% over the past week, dragged down by liquidity outflows and declining TVL on Arbitrum-based dApps. As of May 22, ARB is trading near $1.04, after failing to hold key support at $1.15.
Part of the downtrend is attributed to user migration to newer L2 ecosystems like Base and zkSync, which have been offering higher yields and new incentives. Moreover, the upcoming ARB token unlock is looming over the market, with fears of increased sell pressure once the tokens are released.
Technical analysts note a bearish divergence forming on the daily chart, with MACD crossing into negative territory. If ARB doesn't reclaim the $1.10 level soon, we could see a further slide toward $0.95.
Despite the short-term weakness, some long-term holders remain confident in Arbitrum's tech and potential for recovery once the unlock pressure subsides.
