# Injective (INJ) Daily Market Analysis 22 February 2026

**Author:** CoinStats AI
**Published:** February 22, 2026 at 05:35

---

## Coin Information

- **Name:** Injective (INJ)
- **Current Price:** $3.56
- **24h Change:** -7.38%

---

## What are the latest news for INJ?

> **TLDR**
> Injective surges on deflationary upgrades and mainnet catalyst – here's the latest:
> 
> • Price surged 20.4% to $3.92 on 21 February 2026 amid bullish momentum
> • Governance passed IIP-617, permanently reducing issuance and raising burn rate to 8%
> • Mainnet upgrade for scaling EVM architecture became effective on 19 February
> • Launched tokenized gold and plans INJ staking integration with Revolut in 2026
> • Key resistance at $4.00, with bullish targets at $5.50 upon reclaiming $4.20

## Injective (INJ) Surges on Protocol Upgrades and Deflationary Mechanics

### Recent Price Action and Market Performance

Injective Protocol (INJ) has emerged as one of the top-performing cryptocurrencies, surging 20.4% to $3.92 in the past 24 hours as of February 21, 2026. The layer-1 blockchain's market capitalization climbed 20.6% to $392.7 million, with trading volume reaching $162.7 million. The token has gained 22.4% over the past seven days, signaling sustained bullish momentum despite remaining 15.1% down over the 30-day period.

### Major Governance Milestone: Supply Squeeze Implementation

The Injective community passed governance proposal IIP-617 with 99.96% staker support, which permanently reduces new INJ token issuance and increases the protocol's burn rate to 8%, embedding "compounding deflationary pressure" into its mechanics. The change works alongside the existing Community BuyBack, which has already removed 6.85 million INJ from circulation.

### Mainnet Upgrade Catalyst

Injective's IIP-619 proposal, designed to scale EVM architecture, became effective with a major mainnet upgrade set for February 19, 15:00 UTC, leading to an INJ token rally over 13%.

### Real-World Asset Expansion and Institutional Integration

Injective has launched tokenized gold on its blockchain, allowing global investors to trade exposure to physical gold 24/7 without traditional market intermediaries. A key initiative for 2026 is integrating INJ staking directly into Revolut, which would allow Revolut's vast user base to stake INJ seamlessly through the app.

### Market Position and Technical Outlook

Market participants will be watching whether INJ can maintain momentum above the $3.90 level and potentially test the $4.00 psychological resistance in the coming sessions. Bullish scenarios require reclaim above $4.20, opening $5.50 and $6.00 targets, though this represents a neutral-to-bearish near-term view acknowledging weak momentum and key support at $3.38.

**Sources:**
- [Blockchain Magazine - INJ Surge Report](https://blockchainmagazine.com/breaking-news/breaking-inj-surges-2026-02-21/)
- [CoinMarketCap - Injective Latest Updates](https://coinmarketcap.com/cmc-ai/injective/latest-updates/)
- [CoinGecko - Injective News](https://www.coingecko.com/en/coins/injective)

## Why is INJ price up today?

> **TLDR**
> Injective surges on upgrade news and institutional investment – here's the latest:
> 
> • Price up 14.4% to $3.86 with $162.7M in 24-hour trading volume
> • Major mainnet upgrade approved, set to go live 19 February 2024
> • Pineapple Financial disclosed a $2 million strategic allocation into INJ
> • Token rallied over 13% on the upgrade news, showing sustained bullish momentum

## Injective (INJ) 24-Hour Price Analysis

### Current Price and Performance

Injective is trading at $3.86 with a 24-hour price increase of 14.40%. The token's market capitalization climbed 20.6% to $392.7 million, with trading volume reaching $162.7 million.

### Primary Catalysts Driving Price Movement

**Mainnet Upgrade Approval**

Injective's IIP-619 proposal, designed to scale EVM architecture, became effective with a major mainnet upgrade set for February 19, 15:00 UTC, leading to an INJ token rally over 13%. The upgrade focuses on enhancing execution efficiency, improving validator coordination, and strengthening overall performance across the ecosystem.

**Institutional Capital Inflow**

Pineapple Financial disclosed a $2 million allocation into Injective, with the company maintaining $20.79M in capital reserves for continued INJ accumulation. This strategic positioning signals institutional conviction in the protocol's long-term value proposition.

### Market Dynamics

INJ reached an intraday high of $3.96 before consolidating at current levels, up from a 24-hour low of $3.25. The token has also posted a 21.70% price increase in the past 7 days, indicating sustained bullish momentum beyond the single-day rally.

The 20.4% single-day rally, coupled with elevated trading volume of $162.7 million, suggests renewed investor interest in Injective's ecosystem, with the substantial market cap increase of $67 million in 24 hours indicating fresh capital flowing into the token.

**Sources:**
- [CoinGecko - Injective Price](https://www.coingecko.com/en/coins/injective)
- [Blockchain Magazine - INJ Price Surge](https://blockchainmagazine.com/breaking-news/breaking-inj-surges-2026-02-21/)
- [Coinpedia - INJ Price Analysis](https://coinpedia.org/price-analysis/injective-inj-price-surges-as-upgrade-approval-and-2m-accumulation-reinforce-bullish-structure/)

## What is the market sentiment for INJ today?

> **TLDR**
> Injective shows strong bullish sentiment with key catalysts – here's the latest:
> 
> • Price surged 20.4% to $3.92 (21 February 2025) with $162.7M in 24h volume
> • Community approved "INJ Supply Squeeze" upgrade, doubling deflation rate to 8%
> • Pineapple Financial disclosed $2M allocation, with $20.79M reserved for more accumulation
> • 94% of Coinbase users are buying, and sentiment polls show 85% bullish conviction
> • Key resistance at $4.20; sustained close above shifts structure to expansionary

## Market Sentiment Analysis: Injective (INJ)

### Overall Sentiment Assessment

**Bullish-Leaning with Near-Term Caution**

Community sentiment polls show a remarkably high 85% bullish conviction, despite recent price volatility. Across all social media platforms, Injective has an average sentiment score of 4.4 out of 5, indicating predominantly positive community perception. However, the consensus on INJ is bullish in conviction but bearish in near-term price action, with the community aggressively betting on deflationary tokenomics and ecosystem growth to outweigh current macro weakness.

---

### Price Performance and Market Momentum

Injective Protocol has emerged as one of the top-performing cryptocurrencies, surging 20.4% to $3.92 in the past 24 hours. This represents a 14.40% price increase in the last 24 hours and a 21.70% price increase in the past 7 days. The token has gained 22.4% over the past seven days, signaling sustained bullish momentum despite remaining 15.1% down over the 30-day period.

---

### Social Media and Community Sentiment

On Twitter, 38.14% of tweets showed bullish sentiment compared to 7.15% with bearish sentiment about Injective. Community sentiment remains strongly positive with healthy engagement over the past week. Currently, 94% of Coinbase users are buying Injective, meaning 94% of Coinbase customers have increased their net position in Injective over the past 24 hours through trading.

---

### Fundamental Catalysts Driving Sentiment

**Protocol Upgrades and Tokenomics:**

A freshly approved mainnet upgrade and a disclosed $2 million accumulation have added fundamental weight behind the price action. The community-approved IIP-617 governance proposal, known as the "INJ Supply Squeeze," is now being implemented on-chain, representing a permanent monetary policy upgrade that tightens new token issuance and increases the burn rate to 8%, aiming to double the network's effective deflation rate.

**Institutional Capital Inflows:**

Pineapple Financial disclosed a $2 million allocation into Injective, with the company maintaining $20.79M in capital reserves for continued INJ accumulation. The alignment of infrastructure improvement and visible capital deployment strengthens the perception that INJ's recent gains are supported by more than speculative momentum, and in markets where narrative and capital often move together, this dual catalyst tends to reinforce structural confidence.

**Real-World Asset Expansion:**

Ecosystem milestones, like rapid INJ staking on Revolut, highlight real-world adoption momentum. Injective enables 24/7 trading of tokenized physical gold, expanding its real-world asset offerings.

---

### Trading Patterns and Technical Indicators

The trading volume of Injective is $159,318,910.29 in the last 24 hours, representing a 2.80% increase from one day ago and signalling a recent rise in market activity. The 20.4% single-day rally, coupled with elevated trading volume of $162.7 million, suggests renewed investor interest in Injective's ecosystem, with the substantial market cap increase of $67 million in 24 hours indicating fresh capital flowing into the token.

However, INJ trades with near-term resistance at $3.63 and support at $3.28, with technicals showing ongoing bearish momentum and likely sideways consolidation between $3.00–$3.60.

---

### Sentiment Shift Analysis

Daily transaction fees on Injective remain around 14,000 INJ, with the network maintaining a steady upward trend in fee generation over the past several years, signaling genuine on-chain activity. This fundamental strength contrasts with broader altcoin weakness. However, these positive signals may not be strong enough to overcome the broader negative sentiment surrounding altcoins, as INJ still trades more than 90% below its all-time high, and the recovery path will likely require significant new capital inflows from new investors.

---

### Key Resistance and Support Levels

Currently, INJ price is testing the $3.80-$4.00 range, which represents a range breakout, with a sustained daily close above $4.20 invalidating the prior lower-high pattern and shifting the structure from range-bound to expansionary.

---

**Sources:**

- [CoinMarketCap - Latest Injective News](https://coinmarketcap.com/cmc-ai/injective/latest-updates/)
- [Coinpedia - Injective Price Surge Analysis](https://coinpedia.org/price-analysis/injective-inj-price-surges-as-upgrade-approval-and-2m-accumulation-reinforce-bullish-structure/)
- [Coinbase - Injective Price](https://www.coinbase.com/price/injective)
- [CoinGecko - Injective Protocol](https://www.coingecko.com/en/coins/injective)
- [Blockchain Magazine - INJ Surge Report](https://blockchainmagazine.com/breaking-news/breaking-inj-surges-2026-02-21/)
- [BeInCrypto - INJ Catalysts Analysis](https://beincrypto.com/dat-accumulates-7-of-injective-inj-supply/)

## INJ Technical Analysis: Key Support & Resistance Levels?

> **TLDR**
> INJ shows mixed signals amid downtrend – here's the breakdown:
> 
> • Trading at $3.66 with 11.12% daily gain, but below key EMAs confirming bearish trend
> • Critical support at $2.9268; break could accelerate downtrend toward $2.65
> • RSI at 32.30 indicates oversold, hinting at potential reaction rally
> • Forming falling wedge pattern, a classic bullish reversal signal
> • Medium-term bullish target $3.50-$4.00 by March 2026, but heavily dependent on BTC

## INJECTIVE (INJ) TECHNICAL ANALYSIS

### Current Market Status

INJ is trading at $3.66 USD with a 11.12% gain in the past 24 hours. Market capitalization stands at $365.99M USD, with 24-hour trading volume at $152.39M USD.

---

## KEY SUPPORT LEVELS

### Primary Support Zones

| Level | Strength | Timeframe | Notes |
|-------|----------|-----------|-------|
| $2.9268 | Critical | Daily | Most critical support level with score 73/100 |
| $2.6500 | Strong | Multi-timeframe | Next strong support with score 70/100, reinforced by 3D and 1W timeframes |
| $3.06 | Immediate | Daily | Immediate support level |
| $3.01 | Strong | Daily | Lower boundary of current consolidation range |

---

## KEY RESISTANCE LEVELS

### Primary Resistance Zones

| Level | Strength | Timeframe | Notes |
|-------|----------|-----------|-------|
| $3.0993 | Moderate | Daily | First resistance barrier with score 64/100, near EMA20 |
| $3.22 | Key | Daily | Key resistance level |
| $3.8855 | Strong | Daily | Near-term resistance with score 71/100, positioned above last 24h high |
| $4.5761 | Major | Weekly | Main resistance aligned with Supertrend resistance and strong order block on 1W timeframe |

---

## TECHNICAL INDICATORS

### Momentum Indicators

**RSI (Relative Strength Index)**
- RSI at 32.30 points to oversold zone, signaling potential reaction rally
- This level has coincided with reversal points in INJ historically

**MACD**
- Positive histogram formation in MACD shows bullish divergence, but signal line crossover has not yet occurred
- Volume oscillators have contracted, signaling consolidation; bullish momentum may increase with MACD histogram expansion

**Moving Averages**
- EMAs are bearishly aligned: price below EMA20 (3.39$), distance from EMA50 and EMA200 confirms downtrend's strength
- Price could not hold above EMA20 at 3.39 dollars

**Supertrend**
- Supertrend has given a bearish flip, although trend strength is weak, downward bias dominates

---

## CHART PATTERNS

### Pattern Analysis

INJUSDT is showing signs of a potential bullish breakout after rebounding from the lower boundary of a descending broadening wedge classic reversal pattern. The price bounced from strong support around the $7.5–$9 zone, which aligns with historical buying interest.

INJUSDT is forming a clear falling wedge pattern, a classic bullish reversal signal that often indicates an upcoming breakout. The price has been consolidating within a narrowing range, suggesting that selling pressure is weakening while buyers are beginning to regain control.

---

## VOLUME ANALYSIS

Market volume is hovering at 19.56 million dollars, indicating reduced volatility. The contraction in volume shows investors are approaching cautiously, while the calm news flow limits speculative movements.

With low volatility, sudden volume spikes can be triggers for directional moves.

---

## TIMEFRAME ANALYSIS

### Hourly Timeframe
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

### Daily Timeframe
INJ has fallen to 2.99 dollars with a 3.99% drop in the last 24 hours and is stuck in a daily range of 2.97-3.15 dollars. From a weekly perspective, 9 strong levels have been identified in MTF confluence: 2 support/1 resistance on 1D, 2S/1R on 3D, and 1S/4R distribution on 1W.

### Weekly Timeframe
Multi-timeframe confluence shows balanced structure across 1D/3D/1W timeframes.

---

## SHORT-TERM OUTLOOK (1-7 Days)

Probability of downtrend continuation 65%, reaction rally 35%. If 2.9268 cannot be held, the downtrend may accelerate and 2.65 may be tested with increased volume.

Investors should watch for volume increases and candle formations (hammer or doji) in these zones; as this is the key point for potential bottom formation.

---

## MEDIUM-TERM OUTLOOK (1-4 Weeks)

The ultimate bullish target remains the $3.50-$4.00 range projected for March 2026, which would require breaking through multiple resistance levels and sustained market confidence in the Injective protocol.

Risk/reward ratio from the current 2.99$ level is 1:2.2 for bullish target 4.8159$ (score:30), around 1:1.3 for bearish 1.1078$ (score:22); although the upside scenario looks more attractive, BTC pressure increases risk.

---

## RISK FACTORS

In an environment where INJ's downtrend continues, remaining below short-term EMAs strengthens bearish signals. If BTC breaks 65,365$ support, it could accelerate the test of 2.65 in INJ.

BTC is in a downtrend with a 2.33% drop at the 72,982$ level and giving a bearish Supertrend signal; this situation adds extra pressure on altcoins like INJ (correlation coefficient ~0.85).

---

**Sources:**
- [CoinOTag INJ Technical Analysis February 18, 2026](https://en.coinotag.com/analysis/inj-technical-analysis-february-18-2026-critical-supports-in-the-downtrend-and-market-commentary)
- [Blockchain.news INJ Price Prediction March 2026](https://blockchain.news/news/20260218-inj-price-prediction-targets-350-400-by-march-2026)
- [TradingView INJUSD Charts](https://www.tradingview.com/symbols/INJUSD/)
- [Bitcoin Ethereum News INJ Technical Recovery](https://bitcoinethereumnews.com/tech/inj-price-prediction-targets-3-50-4-00-by-march-amid-technical-recovery-signals/)

---

## Related Questions

- How does the 8% burn rate from IIP-617 compare to the previous token burn mechanism?
- What specific features does the mainnet upgrade for EVM scaling include?
- Can you explain how the tokenized gold on Injective's blockchain actually works?

---

## Related Coins

### Ethereum (ETH)

- What are the latest news for ETH?
- Why is ETH price up today?
- What is the market sentiment for ETH today?
- ETH Technical Analysis: Key Support & Resistance Levels?
- Is Ethereum (ETH) a good investment?
- How high can Ethereum (ETH) go?
- What is Ethereum (ETH) crypto?

### Tether (USDT)

- What are the latest news for USDT?
- Why is USDT price up today?
- What is the market sentiment for USDT today?
- USDT Technical Analysis: Key Support & Resistance Levels?
- What is Tether (USDT) crypto?
- Is Tether (USDT) a good investment?
- Tether (USDT) price prediction
- How high can Tether (USDT) go?
- How to buy Tether (USDT)?

### Bitcoin (BTC)

- What are the latest news for BTC?
- Why is BTC price up today?
- What is the market sentiment for BTC today?
- BTC Technical Analysis: Key Support & Resistance Levels?
- What is Bitcoin (BTC) crypto?
- Is Bitcoin (BTC) a good investment?
- How high can Bitcoin (BTC) go?

---

*This article was generated by [CoinStats AI](https://coinstats.app/ai)*