- INJ surged 35% from $2.97 to $4.02 following accumulation and network upgrades.
- Major resistance levels at $4.16 and $6.09 may challenge sustained upward momentum.
- Short-term retracements to $3.44–$3.28 are possible before further price advances.
Injective — INJ, has seen a sudden surge over the past few days, catching the attention of traders and investors. The INJ token jumped 35 percent from a low of $2.97 on February 19 to a high of $4.02 by February 21. Trading volume spiked 57 percent during the same period, reflecting heightened activity. The rally coincided with network upgrades and large-scale accumulation by institutional holders, raising questions about whether this momentum can carry INJ toward $6.09.
Factors Driving the Recent Rally
The boost in INJ price followed news of a $2 million token acquisition by Pineapple, a finance mortgage platform and public INJ holder. The company also confirmed it holds $20.79 million in capital reserves for continued accumulation. Such strategic buying signals confidence and adds buying pressure during periods of sideways price action. Another key factor was the launch of the Injective real-time EVM mainnet upgrade on February 20.
This network enhancement improved functionality and user experience, drawing investor attention. The combination of accumulation news and a technical upgrade created favorable conditions for a strong short-term price spike. Traders responded quickly, pushing INJ above $4 for the first time since February 19. Despite these gains, long-term trends still raise caution. Since September 2025, INJ has been forming lower highs and lower lows, signaling a prevailing downtrend.
While the recent bounce lifted the relative strength index above 50, momentum remains fragile. The Chaikin Money Flow indicator still hovers below -0.05, showing continued capital outflows despite the rally. Resistance levels around $4.16 and $6.09 represent major hurdles. Breaking through these points is crucial for establishing a long-term uptrend. Without surpassing these swing points, any rally may remain short-lived, with potential retracements along the way.
Short-Term Price Outlook
INJ has already broken the previous lower timeframe high at $3.94, marking February 19 as a significant swing low at $3.08. While the $3.7 area could provide interim support, the token may retrace toward $3.44 or $3.28 in the near term. Such pullbacks are typical after rapid rallies and may provide buying opportunities for investors seeking higher timeframe gains.
If buyers step in near these levels, INJ could attempt a move toward the $4.16 and $6.09 resistance points. Sustaining momentum past these targets would require continuous accumulation and broad market support. A breakout beyond these levels would signal potential for a longer-term trend reversal, giving traders confidence that INJ may extend its recent rally.
Injective’s short-term momentum looks promising, but caution remains key. Price surges need follow-through buying to convert temporary gains into sustained trends. Investors should watch both technical indicators and accumulation trends closely. If support holds and resistance points are challenged, INJ could build a stronger path toward $6.09.
