Injective tests resistance as Korea Blockchain Week approaches
Injective (INJ)
Editor:
Eugene Serbin
Tradersunion.com reports that Injective (INJ) is trading at $5.66 after a 6.95% daily rise, holding above key moving averages. The protocol will host a side event at Korea Blockchain Week 2026 in Seoul on September 29. This gathering will feature industry participants including LG CNS, SMBC Nikko Securities, Coinbase, and BDACS.
The event highlights institutional focus on Injective’s role in tokenization and stablecoin infrastructure. According to Tronweekly, the protocol established its USDC as the canonical stablecoin standard across Cosmos and dYdX in September. Enterprise adoption also grew with a live pilot for tokenized trade receivables involving POSCO International and LG CNS in July.
Technically, INJ trades above the MA-20 at $5.56 and the MA-50 at $5.47. Immediate support is defined by the Ichimoku Kijun at $5.45. Momentum indicators like MACD and ADX show buy signals, while the RSI sits at 59.42. The expected trading range for the next two to three days is between $5.37 and $5.95.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio spot data shows INJ trading at $5.41, with a 1-hour buy ratio of 48.7% and a 4-hour ratio of 53.6%. These short-term figures suggest buying pressure is stabilizing compared to the 24-hour buy ratio of 48.0%. However, the 1-hour volume delta is negative at -$6,749, indicating recent selling pressure, while the 4-hour delta is positive at +$73,050. Over 24 hours, the volume delta is -$350,529, and cumulative volume delta closed at -$393,167. This means that over the last day, sellers have outweighed buyers by a significant margin. Despite this, spot volume reached $8,748,820 across 137,535 trades.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.8%, making today's 24-hour ratio of 48.0% slightly below average by 2.7 points. Volume was 0.92x the weekly average, indicating a quieter trading day than usual. The coin experienced an 11.8% price drop over eight days, with a total volume delta of +$268,732 for the period. Net buying occurred on five of the seven days in the preceding week. This suggests that while short-term selling is evident, the broader weekly trend has been net positive.