$INJ
Injective’s INJ token is currently trading around $11.50, showing modest stability following a surge to ~$12 earlier this week . On shorter timeframes, INJ has bounced off the ~$11.60 level—potentially signaling support—and analysts mark that as a launchpad for a breakout if broader crypto sentiment turns positive .
Technically, mid‑2024 to early‑2025 formed a rounded bottom pattern, culminating in a breakout of its long downtrend. Some projections target a move toward the all‑time high region (~$53–54), though that's a long‑term scenario . Meanwhile, fundamentals remain strong: aggressive token burns (~60% of dApp fees used annually to buy‑back and burn INJ) and ongoing protocol improvements such as multi‑VM support and bridging partnerships are enhancing ecosystem value .
Bottom line: INJ has stabilized in the $11–12 range after a bullish technical break, underpinned by solid on‑chain burns and infrastructure growth. The next key levels to watch are a retest of ~$11.60 support and potential continuation toward $20 in the medium term.