Fundamentally active: Google Cloud webinar, Hydro Money Market launch, Injective Summit 2025 on June 26 signifying institutional collaboration.
Technically consolidating after 50% Fibonacci retracement; potential inverse head-and-shoulders pattern, MACD bottoming, RSI divergence, aiming $20–$30 Bitcoin stability.
Injective (INJ) is currently priced at $12.01, showing a daily gain of +4.94% after a recent market rebound. Despite today’s bounce, its short-to-mid-term performance remains bearish, with a weekly decline of -9.64%, flat monthly movement (+0.30%), and a significant -55.37% drop over the past six months.
Source: INJ/Tradingview
Year-to-date, INJ is down 38.62%, and the 1-year change shows a sharp -52.71%, revealing a retracement from the explosive rally it experienced in late 2023.
Source: INJ/Tradingview
However, Injective still holds a remarkable 668.85% all-time ROI, trading well above its launch prices, even if it’s significantly off its ATH of $53.00. The current zone around $12 acts as a key pivot, with bullish traders targeting the $16–$20 resistance range, while bears may aim to defend this area given its history of heavy rejection.
On the fundamental front, Injective remains highly active in ecosystem development. Recently, it hosted a Google Cloud webinar (May 20) and participated in the Hydro Money Market launch.
Another significant upcoming event is the Injective Summit 2025, scheduled for June 26, which may include new product reveals or roadmap upgrades. These events reflect ongoing institutional collaborations and community engagement.
Injective is also pushing hard on expanding its DeFi infrastructure, particularly via partnerships like Lyora Mainnet, the launch of which was completed earlier this year. INJ continues to innovate within the realms of decentralized derivatives trading, oracle services, and cross-chain finance, leveraging its unique Layer-1 architecture optimized for finance applications.
From a technical standpoint, INJ is in a consolidation phase after completing a 50% Fibonacci retracement from its bull run. Some traders are eyeing a potential inverse head-and-shoulders pattern forming on higher timeframes.
Source: INJ/Tradingview
Momentum indicators such as MACD are bottoming out, and RSI is exiting oversold territory, indicating early bullish divergence.
Source: INJ/Tradingview
