The post Can Injective sustain its 35% rally? INJ’s move to $6.09 depends on… appeared on BitcoinEthereumNews.com.

Layer 1 blockchain Injective noted sizeable gains in recent days. Its token, INJ, gained 35%, rallying from Thursday’s low of $2.97 on the 19th of February to Saturday’s high of $4.02 on the 21st of February. According to CoinMarketCap data, the token’s trading volume has increased 57% from the previous day. Strong volume and noticeable gains followed after news of a $2 million INJ acquisition by Pineapple. The finance mortgage platform and public INJ holder also wrote that the company maintains $20.79 million in capital reserves for continued INJ accumulation. The Injective real-time EVM mainnet upgrade went live on Friday, the 20th of February. Accumulation and network upgrade news combined well during a period of sideways price action for INJ to send it soaring. It might not be enough to reverse long-term INJ trend Source: INJ/USDT on TradingView Since September 2025, the Injective [INJ] token has posted lower highs and lower lows, characteristic of a downtrend. The technical indicators also signaled steady bearish pressure since then, with brief days of respite in between. The bounce since the 19th of February was one such. The RSI has climbed back above neutral 50 to signal a potential shift in momentum, but buyers should be wary. The CMF remained below -0.05 on this timeframe, showing sizeable capital outflows from the market. The $4.16 and $6.09 were the nearby long-term resistance levels that INJ will face a substantial obstacle at. Short-term losses expected for INJ Source: INJ/USDT on TradingView The previous lower timeframe high at $3.94 was broken on the 21st of February (orange). This factor explained why the $3.08 low was chosen as the swing low to plot the Fibonacci retracement levels. While the $3.7 area was a former supply zone and could serve as support, Injective token prices will likely fall lower…

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Filed under: News - @ February 22, 2026 1:03 pm