INJ Price Eyes Breakout Toward $16 as RWA Activity Tops $214M
Injective (INJ)
Editor:
Eugene Serbin
Tronweekly.com reports that Injective (INJ) is forming a potential double-bottom structure while short-term technical momentum remains weak. Crypto analyst Crypto With Gopal notes the token is trading near $5.36 after establishing lows around the $3–$3.5 region. This pattern suggests buyers are attempting to establish a base following a period of weakness.
However, the setup is incomplete until INJ reclaims the $9.0–$9.2 resistance zone, which acts as the neckline. A confirmed breakout above this area could drive prices toward $16. On the four-hour chart, INJ climbed above $6.50 before facing resistance and weakening momentum.
The token is currently near $5.3078, close to the lower Bollinger Band at $5.1372. Momentum oscillators show buying power is diminishing, with the RSI Divergence Oscillator at 31.63. Market data from CoinGlass shows trading volume dropped 17.03% to $155.71 million and open interest fell 9.13% to $109.60 million. Meanwhile, real-world asset perpetuals on Injective recorded $214.9 million in volume over the past month.
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 data shows INJ trading at $5.41 with a 1-hour buy ratio of 47.1% and a negative volume delta of -$12,549. In contrast, the 4-hour buy ratio stands at 53.6% with a positive volume delta of +$73,050, indicating stronger buying pressure over that timeframe. The 24-hour buy ratio is 48.0% with a cumulative volume delta of -$350,529, suggesting net selling pressure over the full day. The buy ratio represents the proportion of trades executed by buyers versus sellers. A negative volume delta means that sell volume exceeded buy volume during that period. The 1-hour data shows fading immediate buying interest, while the 4-hour data shows a temporary shift toward accumulation.
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 7-day average buy ratio was 50.8%, compared to the latest day's 48.0%, a difference of 2.8 percentage points. Weekly volume was 0.92x the average, indicating slightly lower activity than usual. There were 5 days of net buying out of 7, while the 24-hour period saw only 10 hours of net buying out of 24. This is an ordinary day for the coin, with buying pressure slightly below the weekly average. Volume was also slightly below the weekly norm, reflecting a typical trading environment.