Date: Sun, Oct 12, 2025 | 05:45 PM GMT
After one of the most unforgettable and painful events on Friday night that wiped out nearly $19 billion in liquidations, the cryptocurrency market is showing early signs of recovery today. Ethereum (ETH) has jumped more than 8%, reclaiming the $4,100 mark, and major altcoins are beginning to follow the upside momentum — including Injective (INJ).
INJ is back in green, climbing nearly 9% today, and this rebound came exactly from a key support level that could play a decisive role in shaping the token’s next move.
Falling Wedge Pattern in Play
On the weekly chart, INJ appears to be forming a falling wedge pattern — a technical structure that typically signals selling exhaustion and often hints at a potential bullish reversal ahead.
The recent sell-off pushed INJ down toward the wedge’s lower boundary near $2.74, which has so far acted as a crucial bottom. From that zone, the token has managed to bounce back toward $9.73, showing that buyers are beginning to step in and defend the area aggressively.
However, bearish sentiment hasn’t completely disappeared. INJ could still consolidate sideways for some time as traders continue to digest the recent volatility before attempting a breakout.
What’s Next for INJ?
INJ is now showing early signs of a bullish reversal setup, but before confirming a breakout, the token might continue to trade within its narrow range as momentum gradually builds. If buying pressure strengthens near the wedge’s lower boundary, INJ could stage a breakout above the upper resistance trendline — a move that may set the stage for a broader trend reversal.
In that case, the next key upside target would be around the 100-day moving average (MA) at $21.13, a crucial technical level that could decide the token’s mid-term direction.
A sustained move above this MA would confirm that INJ has regained bullish momentum, potentially marking the start of a strong recovery phase after the market-wide crash.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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