Injective's native token INJ is showing strong signs of being overbought after its relative strength index hit 70.87. That reading typically warns of a potential price reversal or slowdown, but the moving average convergence divergence indicator is still flashing bullish momentum. Some traders now see a short-term push toward $8.50 within the next two weeks.
Overbought RSI
The RSI crossing 70 puts INJ in territory where buying pressure may have exhausted. Historically, that level suggests the asset could be due for a correction. But the indicator alone doesn't dictate direction — it's a warning, not a signal to sell. The current reading comes after weeks of steady gains for the altcoin, and traders are watching closely to see if momentum can carry further or if a pullback is imminent.
MACD Momentum and Price Target
The MACD, which tracks the relationship between two moving averages, is still trending upward. That suggests buying pressure hasn't faded yet despite the overbought RSI. Based on the current technical setup, some market participants expect INJ to climb to $8.50 within the next 15 days. That would represent a roughly 10% gain from current levels, assuming no external shock derails the trend.
Expected Pullback
If that rally plays out, a sharp reversal could follow. Technical projections point to a 25% pullback that would bring the price down to $5.20. That kind of volatility is common in crypto when overbought conditions collide with profit-taking. Investors who bought near the bottom might choose to lock in gains around the $8.50 area, triggering the sell-off.
LBank's Broader Outlook
Exchange LBank has offered a far more bullish long-term prediction for INJ, forecasting a range of $45 to $80. That outlook sits well above current levels and the near-term targets derived from technical analysis. It's unclear what timeframe LBank assumes for that range, but the gap between the $8.50 short-term target and the exchange's projection highlights how uncertain INJ's path remains. The immediate question for holders is whether the technical indicators will lead to a rally first or if the overbought signal already caps the upside before the MACD turns.
