INJ Price Eyes $17.5 as Double Bottom and ETF Filing Strengthens Outlook

Injective (INJ) Editor: Eugene Serbin

cryptocurrency.com.tr reports that INJ is developing a potential double-bottom structure while buyers defend the $3–$4 support zone and derivatives activity increases. A proposed Injective ETF adds institutional-market context to the outlook. The Meridian upgrade targets tokenization, EVM interoperability, and financial infrastructure.

How the market reacted

Whalio's own Binance spot order flow for INJ, measured when this story was written up on 20 September 2026. Not the outlet's figures.

Price
$7.93
Buy Ratio (1h)
47.7%
Buy Ratio (4h)
45.2%
Buy Ratio (24h)
50.7%
Volume Delta (1h)
-$39,645
Volume Delta (4h)
-$256,568
Volume Delta (24h)
+$570,972
CVD (24h close)
+$216,396
Hours of net buying
10 of 24
Spot Volume (24h)
$37,068,934
Trades (24h)
572,767

INJ is trading at $7.93 with a 1-hour buy ratio of 47.7% and a 4-hour buy ratio of 45.2%, both sitting below the 50% threshold that indicates equal buying and selling pressure. These short-term ratios are lower than the 24-hour buy ratio of 50.7%, suggesting that immediate buying pressure is fading relative to the daily average. The 1-hour volume delta is -$39,645 and the 4-hour delta is -$256,568, indicating that sellers have been more aggressive than buyers in the very recent past. However, the 24-hour volume delta is +$570,972, showing that over the full day, buyers have outweighed sellers. The cumulative volume delta (CVD) at the 24-hour close is +$216,396, confirming net buying over the longer timeframe despite the recent dip.

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.

Buy Ratio (7d average)
49.9%
Latest day vs average
+0.8 pts
Volume vs average
3.26x
Days of net buying
4 of 7
Price change (8d)
+32.4%
Volume Delta (8d total)
+$763,961

Over the preceding week, the 7-day average buy ratio was 49.9%, which is slightly lower than the current 24-hour ratio of 50.7%. Trading volume has been 3.26 times the average, marking this as an unusually active period compared to normal days. The price has risen 32.4% over the last 8 days, supported by a total volume delta of +$763,961. Net buying occurred on 4 of the last 7 days, indicating a generally positive trend over the week.

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