Injective (INJ) has regained bullish momentum after reclaiming a key support level, while technical indicators point to increased buying activity. Rising network participation and staking activity have also drawn attention as the broader recovery develops, although the continuation of the move depends on whether current momentum holds.

At the time of writing, INJ was trading at $6.46, with 24-hour trading volume of $213.18 million and a market capitalization of $646.3 million. The token had risen 6.49% over the previous 24 hours, according to CoinMarketCap.

Technical Structure Points to $13 and $17 Levels

Crypto analyst Rekt Capital said that INJ had strengthened its bullish structure after retracing toward a key technical level and recording a monthly close above it. The subsequent retest turned the zone into a potential support area, indicating renewed buying interest. Since that setup was confirmed, INJ has gained more than 50%.

Rekt Capital shared the analysis on X, with an accompanying chart.

The next test is whether Injective can maintain its breakout momentum and move through the resistance levels ahead. If the reclaimed support remains intact, the technical setup identifies $13 as the next major upside objective. A stronger continuation could extend the move toward $17, although volatility remains a significant risk.

Indicators Show Recovery but Also Overbought Conditions

Analysis of the TradingView chart shows a recovery after INJ declined toward support near $4.00 in mid-summer. The token was trading around $6.40 and was up 3.56% on the day after reaching an intraday high of $6.716.

A large green daily candlestick carried the price toward resistance near $7.00, a level associated with early-summer trading. Technical indicators have supported the recovery, but they also show overbought conditions. The 14-period Relative Strength Index (RSI) stood at 72.50, above the signal line at 55.97.

The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover, accompanied by rising histogram bars. These readings indicate elevated buying volume and momentum, while the RSI level suggests that consolidation could occur.

Trading Volume and Open Interest Increase

Data from Coinglass showed increased activity in INJ markets. Trading volume rose 68.22% to $574.78 million, while open interest increased 6.97% to $155.85 million.

The changes point to active derivatives trading as market participants position for possible price fluctuations. Open interest measures outstanding derivatives positions, so its increase alongside volume indicates greater market activity but does not, by itself, show whether traders are positioned for gains or declines. The increase in volume and open interest occurred alongside the improving technical structure. The article also linked the move to a broader improvement in crypto markets, noting that Bitcoin (BTC) had begun moving higher.

Injective Staking Reaches an All-Time High

Data published by Injective showed that the total amount of INJ staked on the blockchain had reached an all-time high of more than 58.8 million INJ. Injective reported the figure in an X post, which included an accompanying image.

The milestone reflects increased participation in Injective’s proof-of-stake system. The source said the development indicated that more token holders were staking their assets rather than trading them.

Higher staking levels can reduce the amount of INJ available for trading, although staking activity does not necessarily result in price increases. Consistent participation may indicate stronger commitment among some holders. The rising staked supply also adds to Injective’s position among Layer-1 blockchain protocols when measured by staked volume.

Resistance Near $7 Remains Key

The next phase of INJ’s price action depends on whether buyers can defend the reclaimed support region and break through resistance near $7. A successful move above that level could open the possibility of advances toward $13 and $17, while elevated RSI readings could contribute to a period of consolidation.

Market analysis and price projections are not guarantees. Cryptocurrency markets are volatile, and the information above is not financial advice.