📊 $USDC INJ Price & Technical Outlook (Feb 2026)
INJ is trading around ~$3.1–$3.3 recently, with some short-term upward momentum after breaking a minor downtrend chart pattern. �
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Technical analysts see a near resistance zone near about $3.38–$3.40; pushing above this could signal stronger short-term strength.
If INJ fails to hold support, it may consolidate or retest yearly lows before a clearer breakout. �
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📈 Market & Fundamental Signals
Network activity is strong: Injective recently passed billions of transactions, beating Ethereum in transaction volume ranking. �
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A governance decision (“Supply Squeeze”) has increased token burn/deflation mechanics, making the token more scarce over time, which some analysts view as bullish long term. �
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The broader crypto market direction (especially Bitcoin) still heavily affects INJ’s price swings. �
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📌 What Traders Watch
Bullish signals
Sustained move above resistance (~$3.38)
Continued network growth and adoption
Bearish risks
Market-wide risk-off sentiment
Failure to maintain short-term support ran
