Injective (INJ) is back on traders' radar after a strong move higher over the past few sessions. Trading activity has increased sharply, and the token has managed to recover a good portion of its recent losses as interest returns to DeFi-focused projects. The biggest focus right now is the $5.00 (₹415) zone. INJ has been trying to stabilize around this level after a volatile stretch, and traders are watching closely to see whether buyers can continue defending it.

Ready to act on these levels?

▼ Support

$5.00

₹415 · Critical stabilization zone

▲ Resistance

$6.00

₹498 · Upside target this week

INJ holds $5.00 with healthy volume

If INJ continues holding above the $5.00 support zone with healthy trading activity, buyers could slowly regain confidence and build momentum toward the upside.

Support weakens, profit-taking kicks in

If the current support zone starts weakening, INJ could slip back toward $4.40 (₹365). After the recent rally, some traders may begin locking in profits if momentum slows down.

The "supply squeeze" narrative

A major reason traders are watching INJ closely right now is the growing focus on its token supply model. Injective has been pushing a narrative where token burns and ecosystem activity work together to reduce available supply over time. At the same time, growing activity across the Injective ecosystem and rising interest in decentralized trading platforms are helping improve market sentiment.

Trade INJ based on these levels today.