Injective's INJ token climbed to $6.51, edging toward a key resistance level at $6.84. The move comes with the relative strength index (RSI) at 73.59, a reading that typically signals overbought conditions. Traders are now watching whether the token can break through or if a pullback is ahead.
Resistance at $6.84 looms
The $6.84 mark has acted as a ceiling for INJ in recent sessions. Each attempt to push higher has met selling pressure near that level, turning it into a critical hurdle. A close above $6.84 could open the path to the next zone around $7.20, but failure to break might reinforce the resistance and lead to a retest of lower support near $6.00.
Volume has picked up alongside the price rise, though not dramatically. The token's 24-hour trading volume remains below the peaks seen during earlier breakouts, suggesting the move lacks full conviction.
Overbought RSI raises caution
The RSI reading of 73.59 puts INJ in overbought territory — anything above 70 is considered overbought by most traders. That doesn't guarantee an immediate drop, but it does increase the odds of a short-term correction or consolidation. Overbought conditions often precede a pause or a reversal, especially when the price sits at a technical resistance level.
The last time INJ's RSI crossed 70 was in early March, when the token hit $7.80 before retreating. A similar pattern could play out again if buying momentum fades.
What could break the stalemate
For INJ to push past $6.84, fresh demand would need to step in. That could come from broader market tailwinds — a rally in Bitcoin or Ethereum often lifts altcoins — or from project-specific news. Injective has been active with its recent mainnet upgrades and ecosystem expansions, though no major announcements have landed in the past 48 hours.
On the flip side, a slip below $6.30 would signal that the breakout attempt has failed. That level has served as support during the current uptrend. A break beneath it could accelerate selling, dragging the token back toward $5.80.
The next few sessions will tell whether INJ can sustain its climb or if the overbought signal wins out.
