Date: Sat, July 26, 2025 | 06:40 AM GMT
The cryptocurrency market is regaining momentum after its recent correction, with Ethereum (ETH) climbing over 3% today. This renewed bullish sentiment is spilling into major altcoins — including Injective (INJ), which may be on track for a much larger move thanks to a key technical pattern.
The DeFi-focused token surged 7% today, extending its monthly gains to 26%. But beyond these gains, INJ’s chart is flashing a bullish harmonic formation that could be setting the stage for a larger upside push.
Source: Coinmarketcap
Harmonic Pattern Hints at Bullish Continuation
A closer analysis of the chart shows INJ forming a bearish ABCD harmonic pattern — a structure that often signals trend continuations or reversals near significant Fibonacci levels.
The pattern began in April, when INJ rallied from point A near $6.30 to point B at $13.80 in early June. After this rally, the token retraced to point C around $8.98 by late June, before beginning a steady climb once again.
Injective (INJ) Daily Chart/Coinsprobe (Source: Tradingview)
Now trading near $14.23, INJ has recently bounced from the 200-day moving average, which sits around $12.77 and has acted as a critical support level. The final leg of the ABCD formation, extending from C to D, is still in progress and points toward a potential 1.41 Fibonacci extension near $18.10 as the completion zone.
What Lies Ahead for INJ
If INJ maintains its hold above the 200-day moving average and sustains buying momentum, this setup suggests the token could rise another 27% toward the projected target at $18.10 before the pattern completes.
While minor pullbacks are possible along the way, the overall structure remains bullish as long as INJ stays above the 200-day moving average.
