• Injective is trading at $11.80, down 1.58%, but trading volume rose 21.7% to $91.22 million in the last 24 hours.
• Price faces critical resistance at $11.8–$12.0; a breakout could drive the token towards $13–$14 in the near term.
• RSI at 39.40 and MACD at -0.15 confirm a bearish trend; the market awaits further moves after testing key resistance.

Injective (INJ) is currently trading at $11.80, representing a decline of 1.58% in the past 24 hours. Despite this decline, the trading volume has witnessed a remarkable growth of 21.7% and is currently standing at $91.22 million.

The price of INJ has fallen by 5.44% over the last week. This downward trend is a short-term setback for the market, but the increase in trading volumes is an indication of long-term interest in the market.

Source: CoinMarketCap

Injective Faces Critical $12 Resistance

Crypto analyst CryptoPulse highlighted that INJ is now testing an essential level. The zone between $11.8 and $12.0, the earlier support, has now become resistance. This change is a pivotal milestone in the price movement of INJ. The response to the next movement will be the ability of the token to recover its lost ground and position itself above the $12 mark.

If INJ manages to trade above this point, then it could go as high as $13 or even $14. Nevertheless, as the price decreases below the $11.5 level, it might experience additional decreases and perhaps go to the demand zone of $10.2 and $10.8 as well. This retest will be important in facilitating the next move of the asset.

Source: X

Also Read: Will Solana (SOL) Skyrocket Beyond Its September Gains in October 2025?

RSI and MACD Confirm Bearish Momentum for INJ

The Relative Strength Index (RSI) depicts bearish momentum. The current RSI is 39.40, which is lower than the neutral level of 50. This shows that the selling pressure is exceeding the buying interest. The RSI has decreased from the previous level of 43.91, indicating declining momentum. Any reading lower than 30 is normally an indication of oversold status, although the trend is bearish.

Source: TradingView

The MACD indicator also reinforces a bearish orientation. The MACD stands at -0.15, whereas the signal line is standing at -0.35. This shows that the negative trend is dominating. The red bars dominate the MACD histogram, supporting the intensity of the selling power. The market is not experiencing substantial bullish momentum.

Open Interest Drops, While Trading Volume Sees Significant Increase

According to CoinGlass data, the trading volume of INJ has risen by 40.85% to $272.22 million. The open interest has reduced by 2.25% and is at $150.06 million. The OI-Weighted Funding Rate stands at 0.0063%, showing a balanced market sentiment. These data indicate that trading is strong, but the market is unpredictable.

Source: CoinGlass

However, INJ is in a critical position. It is yet to be determined if it can overcome significant resistance levels in the next few days or if it will keep falling. Investors should keep an eye on both technical indicators and volume data to grasp the movement of INJ in the upcoming days.

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