$INJ đ Current Price Action (2026)
INJ is trading around the low-$3s, showing weakness compared to past cycles.
Recent price action reflects bearish technical structure, with INJ moving below key moving averages and influenced by broader market sell-offs (especially Bitcoinâs performance).
Short-term support around ~$2.80â$3.00 is critical â a break below may lead to further downside tests.
đ Bullish Fundamentals
Injective has seen growing network activity and transaction milestones, outpacing some major blockchains in volume.
The INJ community approved a âsupply squeezeâ that increases the burn rate and reduces new issuance â a structural deflationary boost.
Institutional interest and DeFi adoption narratives remain positives for long-term demand.
đ Risk Factors
Price still trades in a broader downtrend and remains correlated with risk sentiment in crypto markets.
Market volatility means breakouts require confirmation above key resistance zones.
đ Summary
Short-term: Bearish bias with consolidation or possible deeper pullbacks if key supports break.
Mid/Long-term: Structural upgrades, deflationary mechanics, and network growth could support recovery if the broader crypto market turns bullish. #TradeCryptosOnX #WriteToEarnUpgrade #Injectiveđ„
