Date: Wed, June 18, 2025 | 07:28 AM GMT
The cryptocurrency market is experiencing heightened bearish volatility due to escalating geopolitical tensions between Israel and Iran. Ethereum (ETH), one of the market’s key players, has taken a notable hit with a 9% decline over the past week, currently trading near $2,520. Altcoins, as expected, are following suit — and Injective (INJ) is one of the standout names under pressure.
INJ has posted a weekly loss of nearly 19%. However, while the red candles dominate the short-term picture, a deeper look at the chart reveals a compelling bullish story quietly unfolding. INJ appears to be replicating a familiar and powerful fractal — one previously seen in Chainlink (LINK) before its explosive rally in late 2024.
Fractal Suggests Bullish Reversal Ahead
Looking back at LINK’s 2024 chart, it had endured a prolonged downtrend that culminated in a clear head-and-shoulders top formation, followed by a multi-month consolidation phase.
The crucial moment came when LINK found strong support in a gray demand zone near $8.50, reclaimed its 50-week moving average, and saw a bullish MACD crossover below the zero line. This confluence of signals triggered a powerful 200%+ rally, eventually sending LINK soaring to $30.
Injective now appears to be tracing a nearly identical pattern. Price action has dropped into its own demand zone near $10.50 to $11.10 — an area that previously acted as strong support. The MACD is beginning to show signs of a bullish crossover while still below the zero line, a classic sign of an early-stage reversal. At the same time, price is compressing just under the 50-day moving average, which currently sits at $12.13. A decisive move above this level could provide the breakout signal INJ needs to shift from bearish to bullish momentum.
This strong resemblance to LINK’s past price action, especially when paired with improving momentum, adds credibility to the idea of a potential trend reversal for INJ.
What’s Next for Injective (INJ)?
While technical setups don’t guarantee outcomes, crypto markets have a habit of repeating fractals — particularly when broader sentiment begins to shift. If Injective follows a similar recovery path to LINK, a breakout above $12.13 could mark the beginning of a significant uptrend. From there, the next logical upside target sits near $18, with room for further continuation if momentum accelerates and global uncertainty begins to ease.
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