Injective (INJ) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move

INJ is back in bullish territory with a notable 5% intraday gain, and chart analysis suggests this rally might still have legs to run.

A look at the 4-hour chart shows that INJ is forming a Bearish Cypher harmonic pattern—a structure well-known in technical analysis for projecting short-term bullish continuations before a potential pullback.

The pattern began with a top at $15.46 (point X)

Dropped to $11.56 (point A)

Bounced to $13.13 (point B)

Fell again to $11.18 (point C)

From point C, INJ began climbing again, and now it’s in the middle of forming the final D leg of the Cypher. The projected target for this move lies between $14.54 and $15.46—a price zone supported by the 78.6% Fibonacci retracement of the XC leg and the 100% Fibonacci extension.

If this harmonic structure completes as expected, INJ could rally another 17% to 24% from its current levels, bringing it back near its local highs.