INJ Price Prediction: Injective Eyes $3.60 Recovery Amid Oversold Conditions

Injective Protocol (INJ) has experienced a notable 9.46% decline over the past 24 hours, currently trading at $3.16. Despite the recent weakness, technical indicators suggest the cryptocurrency may be positioning for a potential recovery as it approaches key support levels and oversold territory.

INJ Price Prediction Summary

• Short-term target (1 week): $3.39-$3.60 • Medium-term forecast (1 month): $3.00-$3.80 range • Bullish breakout level: $3.63 • Critical support: $2.90

What Crypto Analysts Are Saying About Injective

While specific analyst predictions are limited for the immediate term, historical analysis from January 2026 provides context. Ted Hisokawa previously projected INJ targets of $5.80-$6.50, though current market conditions have shifted significantly since that forecast. The analyst's January target of $6.20 within 4-6 weeks has not materialized, with INJ currently trading well below those projections at $3.16.

According to on-chain data and technical metrics, Injective's current positioning suggests the token is consolidating after recent selling pressure, with key support and resistance levels clearly defined in the current market structure.

INJ Technical Analysis Breakdown

The technical picture for Injective presents a mixed but potentially constructive setup. The RSI reading of 41.82 places INJ in neutral territory, avoiding both overbought and oversold extremes. This neutral RSI suggests there's room for movement in either direction without immediate reversal pressure.

The MACD indicators show bearish momentum with both the MACD line and signal at -0.1684, while the histogram reads essentially flat at -0.0000. This configuration suggests that while bearish momentum exists, it may be losing steam and could potentially reverse.

Bollinger Bands analysis reveals INJ trading at a %B position of 0.4275, indicating the price is closer to the lower band ($2.83) than the upper band ($3.60). This positioning often suggests oversold conditions that could lead to mean reversion toward the middle band at $3.21.

The moving average structure shows short-term averages below longer-term ones, confirming the current bearish trend. However, the proximity to the SMA 20 at $3.21 suggests potential for a bounce if buying interest emerges.

Injective Price Targets: Bull vs Bear Case

Bullish Scenario

In a bullish scenario for this INJ price prediction, Injective could target the immediate resistance at $3.39, representing a 7% upside from current levels. A successful break above this level would open the path to the strong resistance at $3.63, marking a potential 15% gain.

The upper Bollinger Band at $3.60 aligns closely with these resistance targets, providing additional technical confirmation. For this bullish case to materialize, INJ would need to see increased volume above the current 24-hour average of $4.43 million and maintain support above the pivot point at $3.26.

Bearish Scenario

The bearish case for this Injective forecast centers on a breakdown below the immediate support at $3.03. Such a move would likely target the strong support zone at $2.90, representing an 8% decline from current levels.

A more severe bearish scenario could see INJ testing the lower Bollinger Band at $2.83. The risk factors supporting this downside case include the current positioning below most moving averages and the overall bearish MACD configuration.

Should You Buy INJ? Entry Strategy

Based on current technical levels, potential entry strategies for INJ include waiting for a bounce from the $3.03 support level with confirmation above $3.20. Alternatively, aggressive traders might consider the current $3.16 level as an entry point, given the neutral RSI and proximity to Bollinger Band support.

A conservative stop-loss could be placed at $2.85, just below the strong support at $2.90. This provides a risk-reward ratio that aligns with the potential upside to $3.60 resistance levels.

Risk management remains crucial, as the broader crypto market conditions and INJ's position below key moving averages suggest caution is warranted despite potential oversold bounce opportunities.

Conclusion

This INJ price prediction suggests Injective Protocol may be approaching a technical inflection point at current levels around $3.16. While the immediate trend remains bearish based on moving averages and MACD indicators, the neutral RSI and Bollinger Band positioning indicate potential for a counter-trend bounce.

The most likely scenario involves a test of resistance between $3.39-$3.60 within the next 1-2 weeks, provided INJ maintains support above $3.00. However, traders should remain cautious of the broader bearish structure and prepare for potential downside to $2.90 if support levels fail.

This Injective forecast is based on technical analysis and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results.