Injective (INJ) is cooling off today, down about 6%, but the bigger picture still shows strength. Over the past week, INJ is up roughly 11%, it is trading near $3.58. This move did not come out of nowhere. Several things lined up at once.
Injective just rolled out a major chain upgrade that introduces dynamic gas fees using $INJ. The team says this change improves on-chain revenue while lowering costs for users.
Around the same time, traders noticed that roughly $2 million worth of INJ was bought by larger players. That type of buying often attracts more attention. This coming from lesser-known analyst.
There is also talk of possible buybacks and growing hype around the upcoming Injective Summit 2026 in Washington, D.C. With more announcements expected this year, sentiment around the project has picked up.
However, the INJ price spike is not happening on weak volume. Trading activity jumped more than 50% in a single day, which supports the strength of the move.
INJ is now trading above its short-term moving averages, such as the 7-day SMA and EMA, which is a sign that short-term momentum is changing.
The RSI is at 73, which means that the token is close to being overbought. This does not mean that the bull run is over, but it does mean that the price may cool off before making another move upwards.
What stands out is that the broader market has been flat. Bitcoin barely moved, and total market cap has been almost unchanged. Yet INJ broke higher on its own, showing that capital is flowing into this coin specifically.
_****Silver Triggers Rare 6-Sigma Signal as Analyst Sounds Global Alarm**
What the Injective Chart Is Showing
On the 4H chart, the INJ price had been in a steady downtrend for weeks, making lower highs and drifting toward the $2.65 area. That zone acted as a base, and price has now bounced strongly from there.
The recent breakout pushed INJ back above the $3.50 level, which had acted as resistance. OBV has started ticking higher, which shows stronger buying pressure compared to earlier weeks.
Source: Coinank
The MACD has flipped green, which shows short-term momentum is picking up. The RSI is high, meaning the move is strong, but it may be stretched for now.
_****XRP Price Just Flashed a Historic Capitulation Signal**
What Comes Next for INJ?
If INJ stays above $3.50, the next prices in sight are $4.00 and $4.40. If buyers keep pushing, $5.00 becomes a realistic target.
If the Injective price slips, $3.30 is the first area where it could try to hold. Below that, $3.00 is the line that matters. Losing $3.00 would damage the recent breakout.
Right now, INJ is moving with strength. The upgrade news, large purchases, and higher trading volume have changed the tone on the chart. The next few days around $3.50 will show whether this run continues or cools off.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute chart slightly down 0.57%: leveraged long positions passively cut risk and macro sentiment disturbances drive volatility
2026-04-12 12:45 to 13:00 (UTC), the BTC price range was 71081.7 to 71493.2 USDT, with an amplitude of 0.58%. Within 15 minutes, the return recorded was -0.57%. During the period of unusual activity, market volatility increased somewhat, risk sentiment warmed up, and overall attention rose; however, there was no extreme surge in volume or a sudden drop in liquidity.
The main driver behind this unusual activity is that, under the leverage structure, long positions were reduced passively. Recently, the funding rate for perpetual contracts turned from negative to positive. Leverage among longs in the market accumulated; the price dipped slightly, triggering liquidations of some leveraged long positions and sell orders for position closures, resulting in
GateNews19m ago
Analyst: Bitcoin’s current pullback is relatively mild compared with past ones, but the bottom has not been confirmed yet.
Crypto analyst Axel Adler Jr said the current Bitcoin pullback is smaller than historic bearish-market levels, but a bottom has not yet been confirmed. He believes the market is still in a mild bear phase, and that a true recovery will require patience and waiting.
GateNews1h ago
Bitcoin long-term holdings increased to 12.4 million coins, and the 30-day change has remained positive.
CryptoQuant analyst Darkfost says the Bitcoin market is entering an early stabilization phase, with stronger long-term holding behavior. The amount of BTC held for more than a year has increased, and investors are more inclined to hold than to distribute. This suggests the market is transitioning toward long-term conviction; the current trend is viewed as an early stability signal, but it needs longer-term confirmation.
GateNews2h ago
XRP Payments Fall 77% as Price Eyes End to Rally - U.Today
XRP's on-chain payment volume has dropped 77% to 86 million, signaling bearish momentum as its price stagnates below $1.35. This decline has raised investor concerns about potential volatility in the crypto market.
UToday5h ago
Shiba Inu Supply Locked Away as Ryoshi's Earlier Move Seals SHIB's Fate - U.Today
Shibizens highlights Shiba Inu's tokenomics, detailing how founder Ryoshi locked 50% of the supply in Uniswap for liquidity. This approach, including a significant burn by Vitalik Buterin, aimed for a fair launch, impacting SHIB's market price amid recent inflation data.
UToday5h ago
BTC Whale Inflows Drop, LTHs Accumulate Strongly
Recent data shows Bitcoin whale inflows to exchanges have dropped to below $3 billion, indicating reduced selling pressure. Meanwhile, long-term holders have accumulated $49 billion in Bitcoin, signaling a market transition. This shift suggests potential stability and reduced volatility, although macro factors could still affect prices.
Coinfomania6h ago
