Luisa Crawford
Jul 25, 2025 05:13
INJ trades at $13.31 (-1.48% in 24h) as bulls defend key support following last week’s 14% surge driven by EVM testnet launch and major partnerships.
Quick Take
• INJ currently trading at $13.31 (-1.48% in 24h)
• Injective’s RSI at 53.28 signals neutral momentum after recent breakout
• EVM testnet launch and Google Cloud partnership fuel bullish sentiment
What’s Driving Injective Price Today?
INJ price experienced a modest pullback today following an impressive rally that began on July 19th. The recent surge was primarily triggered by Injective’s launch of its Ethereum Virtual Machine (EVM) testnet, which represents a significant technical milestone for the protocol’s DeFi capabilities.
The announcement of strategic partnerships with Google Cloud and Deutsche Telekom has provided substantial fundamental support for the INJ price. These collaborations signal institutional confidence in Injective’s technology stack and position the protocol for broader enterprise adoption.
Yesterday’s 14% surge came after Injective broke out of a multi-week downtrend, with technical analysts targeting the $15.48 resistance level. However, today’s slight decline suggests profit-taking as traders consolidate gains near current levels.
INJ Technical Analysis: Mixed Signals Emerge
Injective technical analysis reveals a complex picture as the token navigates between bullish momentum and short-term consolidation. INJ’s RSI reading of 53.28 places it in neutral territory, suggesting neither overbought nor oversold conditions.
The MACD indicator shows bullish momentum for Injective, with the MACD line at 0.7118 sitting above the signal line at 0.7007. The positive histogram reading of 0.0111 confirms that bulls maintain control despite today’s minor pullback.
Injective’s position within the Bollinger Bands is particularly noteworthy, with the token trading at 56.19% of the band width. This positioning suggests room for upward movement toward the upper band at $15.87, though traders should monitor for potential rejection at resistance levels.
The moving average structure supports the bullish case, with INJ price trading above the 50-day SMA ($12.07) and 200-day SMA ($12.79), while remaining below the 7-day SMA ($14.31) following today’s decline.
Injective Price Levels: Key Support and Resistance
Based on Binance spot market data, Injective support levels are clearly defined at $10.24 for immediate support and $8.95 for strong support. The current INJ price of $13.31 sits comfortably above both levels, providing a solid foundation for potential upward moves.
INJ resistance levels converge at $15.71, representing both immediate and strong resistance. This level aligns closely with the previously mentioned technical target of $15.48, making it a critical zone for breakout confirmation.
The pivot point at $13.42 serves as a key battleground, with INJ price currently trading just below this level. A decisive break above the pivot could signal renewed bullish momentum toward the $15.71 resistance zone.
Should You Buy INJ Now? Risk-Reward Analysis
For aggressive traders, the current INJ price presents an interesting entry opportunity near the pivot point. The risk-reward ratio appears favorable with support at $10.24 providing a reasonable stop-loss level while resistance at $15.71 offers an 18% upside target.
Conservative investors may prefer waiting for a break above $13.42 with volume confirmation before entering positions. This approach reduces downside risk while still capturing the majority of the potential move to resistance.
Swing traders should monitor Injective technical analysis closely, particularly the RSI and MACD indicators for signs of momentum acceleration. The EVM testnet development and enterprise partnerships provide fundamental support that could drive sustained buying pressure.
Risk management remains crucial given INJ’s average true range of $1.08, indicating significant daily volatility. Position sizing should account for potential swings of 8-10% in either direction.
Conclusion
INJ price consolidation at $13.31 represents a healthy pullback following last week’s technical breakout and fundamental catalysts. The combination of EVM testnet progress and major partnerships provides a strong foundation for continued upward momentum, though short-term volatility is expected. Traders should watch for a decisive break above the $13.42 pivot point as confirmation of renewed bullish momentum toward the $15.71 resistance target within the next 24-48 hours.
Image source: Shutterstock
