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Quick analysis for $INJ token
The #Injective (INJ) token has reached a decent support zone near $5.8 after a prolonged decline that lasted for months. However, the weekly chart is starting to show signs of potential positive momentum forming inside the downward channel extending from the $53 peak.
🔍 Why is INJ worth watching now?
MACD is giving the first signal of weakening negative momentum.
RSI is in strong oversold territory, which has historically been a starting point for rallies.
Institutional confidence in @injective is increasing.
(Deflationary) model with ongoing supply burns... which is always positive in the medium term.
📈 The most likely scenario:
If INJ maintains its current range, it could see a gradual rebound before attempting to break out of the downward channel during 2026.
⚠️ Of course, this is not a buy recommendation... just a technical reading of the nearest possible move, and the market always has its own view.
Share your opinion:
Do you expect a strong rebound? Or continued decline?