INJ, the native token of the Injective blockchain, jumped 7.16% to $5.63 in the latest trading session, as technical indicators signal room for further gains. The move pushed the token past nearby resistance and set up a test of the $6 level, according to market data.
Support Holds Above $5.25
The token has built a firm support floor above $5.25 in recent days, giving buyers confidence that the rally has legs. Traders watching the chart say that support zone has held through multiple tests, which suggests the path of least resistance remains upward. A drop below that level would break the pattern, but so far buying pressure has absorbed each dip.
What Lies Beyond $6
The $6 mark now acts as the next major resistance. If INJ can break through that barrier with volume, the move could extend further. Technical indicators such as moving averages and momentum oscillators are aligned with the bullish view, though no one is calling it a sure thing. The token needs to hold above $5.63 to keep the momentum alive.
The rally comes without any fresh news from the Injective team, leading some to attribute the move to broader crypto market strength or technical positioning. Volume data wasn't immediately available, but the price action alone has drawn attention from short-term traders.
Whether the token can hold its gains into the weekend will depend on whether the support at $5.25 remains intact. A close below that level would shift the narrative, but for now the bulls are in control.
