Injective (INJ) is facing renewed resistance after a brief recovery, as market analysts highlight growing bearish momentum across both USDT and BTC trading pairs.

Despite short-term rallies, technical indicators suggest the token may be poised for a pullback, while the ecosystem’s ongoing Community BuyBack program continues to influence long-term supply dynamics.

Injective (INJ) is currently trading at $3.02, down 1.47% over the past 24 hours, with a 24-hour trading volume of $39.73 million, according to CoinMarketCap. Over the last week, INJ gained 7.12%, rising from $2.82 to its current level.

RSI Trendline Breaches Reinforce Potential Pullback

Crypto analyst Umair Crypto reports that INJ has attempted four times to close above the 4-hour 200 SMA on the USDT pair but failed on each attempt. Price momentum weakened in line with BTC movements, signaling a likely pullback toward the $2.89–$2.91 “golden pocket.” 

Even strong BTC pushes only produced inverted hammer patterns, followed by RSI trendline breaches, reinforcing short-term bearish pressure.The 4-hour INJ/USDT chart shows that despite a temporary relief rally, the market remains structurally bearish. 

Price retraced to a key resistance zone, a convergence of horizontal supply and the 200 SMA. Momentum indicators like the RSI suggest that buying pressure is weakening, highlighting a potential reversal toward prior range lows.

The INJ/BTC pair mirrors the USDT chart, reinforcing the bearish bias. After a prolonged decline, the pair formed a horizontal accumulation range, and recent breakout attempts were sharply rejected. 

Analysts interpret this behavior as a liquidity sweep, where breakout traders enter positions only for the market to revert to the consolidation range. Momentum deterioration on both USDT and BTC pairs suggests that brief recoveries may not sustain. 

Short-term traders should exercise caution, as INJ may revisit previous support levels. The broader trend relative to Bitcoin remains downward, emphasizing the need for careful position management.

Also Read | Is Injective (INJ) Preparing For The Next Big Bull Wave After 95% Decline

Injective Ecosystem Sees Positive Momentum

Positive developments continue for the Injective ecosystem. The Community BuyBack program, launched in late 2025, allows holders to commit INJ tokens monthly for revenue sharing, with all committed tokens permanently burned. 

Over four rounds, 178,338 INJ has been burned, distributing $776,344 in ecosystem revenue. Average participant earnings per round have been roughly 23.9%. The BuyBack is part of a broader INJ Supply Squeeze, approved under governance proposal IIP-617, combining monthly burns with previous burn auctions to reduce circulating supply. 

Active participants stake INJ, reserve slots on Injective Hub, commit tokens, and claim rewards after each round. This framework reduces supply while rewarding community engagement, providing a structural support layer that may mitigate short-term bearish pressures.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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