- Injective (INJ) has climbed 16% in the past 30 days despite being down 51% year-to-date, showing signs of revival amid broader crypto market recovery.
- INJ is displaying a fractal pattern similar to NEAR Protocol's February 2024 setup, where NEAR exploded over 150% after completing a bearish Gartley harmonic pattern.
- Both tokens found support at their 50-day moving averages after pulling back from point D of the Gartley pattern, with INJ currently supported around $9.06.
- If INJ reclaims the $10.53 resistance level at point D and maintains strength above the 50-day MA, it could trigger a major bullish breakout similar to NEAR's previous rally.
Date: Sun, May 04, 2025 | 12:50 PM GMT
After a rocky start to 2025 — with Ethereum (ETH) plunging 45% in Q1 — the crypto market is beginning to show some much-needed strength. ETH has already rebounded over 31% from its April 7 low, and this positive momentum is now rippling into the altcoin space.
One standout showing early signs of revival is Injective (INJ). While still down roughly 51% year-to-date, INJ has climbed 16% in the past 30 days. But this isn’t just a simple bounce — a powerful fractal pattern forming on the chart suggests something bigger might be brewing.
INJ Mirrors NEAR’s Previous Bullish Setup
Take a look at the chart above. On the left, we see NEAR Protocol (NEAR) in February 2024. After forming a textbook bearish Gartley harmonic pattern, NEAR made a short pullback from point D (highlighted in red) — right into support from the 50-day moving average — before exploding more than 150% to the upside.
Now, on the right, we see Injective (INJ) showing strikingly similar price action. The same bearish Gartley pattern has completed, and INJ is currently pulling back from its point D — again, finding support near its 50-day moving average (currently around $9.06).
This mirrored setup has caught the attention of technical traders, and many are now watching to see if INJ will repeat NEAR’s explosive rally.
What’s Next for Injective?
If Injective can reclaim $10.53 — the resistance level at point D — and maintain strength above the 50-day MA, a bullish breakout may follow, just like NEAR’s did last year.
While nothing in crypto is guaranteed, this repeating fractal pattern suggests the potential for a major rebound may be on the horizon — possibly even a double-digit percentage rally if momentum returns to the broader market.
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