Injective (INJ): Is the Bottom In?

Injective is trading around $4.6, down ~90% from its $52 ATH. With a fixed 100M supply already circulating and a live on-chain derivatives use case, INJ remains structurally strong.

Key levels:

Support: $3.8–4.2

Resistance: $7.5–8.5

Trend confirmation: $10–12

Price action is still corrective, not impulsive. A true bottom needs a clear 5-wave move up and a higher low.

Is the bottom in?

Possible, but unconfirmed.