INJ is back at a level the market has been watching for months: a descending trendline that has capped prior recovery attempts. The token has now climbed more than 100% from cycle lows near $3 and was trading around $6.60 at the time referenced in the source, up nearly 10% over 24 hours.
This approach stands out from earlier failed rallies. Since highs posted in late 2024, INJ had been locked in a pattern of lower highs, with sellers repeatedly defending the same resistance line. In the latest advance, though, buyers rebuilt the chart with a steadier sequence of higher lows, giving the move a firmer structure.
Move above $6.50 shifts attention to the breakout zone
According to the source material, INJ was trading near $6.00 before momentum accelerated. Buyers stepped in after resistance around $6.20 gave way, and the rally then pushed toward the $7.00 area. Once price moved above $6.50, traders started focusing more closely on whether the broader downtrend could finally be broken.
After tagging session highs, INJ moved into consolidation instead of giving back the entire gain. Selling pressure during the pullback remained relatively contained, while buyers continued to defend support in the $6.40 to $6.50 range. That support band now sits at the center of the short-term setup. It matters.
Turnover climbs to $347 million as participation expands
Volume rose sharply with the move. The report said trading volume increased by more than 72%, lifting daily turnover across exchanges to about $347 million. Price appreciation backed by stronger activity tends to attract close scrutiny when an asset is testing a major technical ceiling.
INJ’s market capitalization also moved above $660 million. With the token pressing into a resistance area that rejected several earlier rallies, traders are likely to keep treating volume as one of the main signals for judging whether this attempt has more staying power than the previous ones.
Exchange netflows turn positive during the latest advance
Flow data in the source pointed to a change in investor behavior. During the broader market decline, exchange inflows and outflows were volatile, and larger transfers often appeared alongside price weakness. From February through April, conditions became calmer and netflows stabilized while INJ formed a base near its cycle lows.
That pattern shifted in May. Exchange inflows increased notably, and several positive netflow spikes appeared as price rose, with one of the larger readings approaching $5 million. Those positive netflows arrived while INJ was challenging long-term resistance, suggesting stronger capital participation at a technically sensitive point.
For now, the setup still revolves around the descending trendline. A confirmed break could redirect attention toward higher resistance levels, but until that happens, the market is still watching the same inputs: volume, the $6.40–$6.50 support zone, and exchange flow data.