Date: Wed, July 16, 2025 | 05:56 AM GMT
The cryptocurrency market is deep in bullish territory, with Ethereum (ETH) riding the upside momentum, posting an impressive 19% gain over the week — now approaching the $3,150 mark. This strong uptrend is spilling over into major altcoins, and Injective (INJ) is starting to grab attention.
INJ has jumped 25% in the last seven days, boosting its 90-day performance to an impressive 68%. What’s catching even more attention now is the striking fractal pattern that INJ is forming — one previously seen in the bullish rally of Chainlink (LINK) from late 2024.
Fractal Suggests Bullish Reversal Ahead
Looking at Chainlink’s weekly chart from last year, we saw a series of lower highs forming a head-and-shoulders top, followed by a prolonged consolidation. LINK eventually bounced from a strong demand zone near $8.50, reclaimed both its 100- and 200-week moving averages, and launched into a stunning 106% rally, reaching as high as $30.
Now, Injective appears to be echoing that same structure.
After weeks of range-bound price action and multiple rejections, INJ recently found support at its own demand zone near $9, similar to LINK’s earlier setup. From there, the token has surged to $13.16, and is now testing the 200-day moving average at $13.17 — the same trigger point where LINK exploded higher.
The chart shows nearly identical price behavior, including rounded tops, range compression, and a green breakout circle — hinting that history might repeat.
What’s Next for Injective (INJ)?
If INJ decisively breaks above the 200-day MA with volume, it could spark a fresh uptrend. The chart overlay projects a possible rally path — similar to LINK’s — which could take Injective above $20, representing a potential 50% upside from current levels.
While no fractal is perfect, crypto markets have a well-known habit of replaying previous structures, especially when overall sentiment is bullish — and that’s exactly what’s unfolding now.
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