Injective (INJ) is showing early signs of recovery after defending the $4.40-$4.50 support zone. Although the token remains under pressure over the past week, buyers have stepped back in, helping INJ stabilize after a sharp decline. Recent ecosystem developments—including the successful Vulcan mainnet upgrade and continued expansion into regulated financial markets—are keeping the longer-term narrative intact despite short-term weakness.

For futures traders, the focus is now on whether this rebound has enough strength to reclaim the $5.00 level or if it turns into another lower high within the broader downtrend.

Ready to act on these levels?

▼ Support

$4.45 ₹382

▲ Resistance

$5.00 ₹429

If INJ continues to hold above $4.45 and buying volume improves, the recovery could extend toward $5.00 (₹429). A decisive move above that level may attract additional momentum buyers, opening the door for a push toward the $5.40-$5.60 (₹463-₹480) zone.

If buyers fail to defend the $4.45 support, selling pressure could return quickly. A breakdown below this zone may send INJ toward the $4.00 (₹343) area, where traders would look for the next meaningful support.

Recovery after the Vulcan upgrade

The biggest catalyst for INJ right now is the market's reaction following the Vulcan mainnet upgrade. While the upgrade was a significant milestone for the Injective ecosystem, the token initially saw a "sell-the-news" reaction before beginning to recover. Traders are now watching whether improving sentiment around the upgrade, along with continued ecosystem expansion, is enough to sustain the current bounce and drive INJ back above the important $5.00 level.

For futures traders, the key question is straightforward: can INJ maintain its recovery momentum following the Vulcan upgrade, or will short-term selling pressure resurface? The answer will be critical in determining whether this is a genuine bounce or a false recovery within the broader downtrend.

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