- Injective prints a falling wedge as market compression forms near the 5 USD region.
- Revolut lists INJ for 60 million users and introduces zero-fee staking access.
- INJ trades around $5.64 as structure tightens ahead of potential confirmation.
Injective trades within a narrowing structure as its daily chart forms a falling wedge after a multi-month decline. Price behavior shows a steady compression phase while demand stabilizes near the lower boundary of the pattern.
Falling Wedge Forms After a Multi-Month Decline
Injective’s chart shows a falling wedge that developed after a broad decline from the $14 region into the $5 range. The pattern is defined by converging trendlines that indicate slowing downside momentum and reduced selling strength. Each approach to the lower boundary has produced firm reactions, signaling the start of structural stabilization.
The technical setup aligns with a recent update shared by Bitcoinsensus, which stated on social media that Injective is forming a “nice falling wedge reversal pattern” following a strong downtrend. Their update added that the structure could lead to a trend reversal once a confirmed breakout forms. This aligns with the steady compression now visible across the chart.
Breakout Structure Moves Toward Key Resistance
The upper boundary of the wedge represents the trigger for any confirmed trend shift. A daily close above this line would open the path toward the next major resistance region near $10. That zone served as a recurring supply area during the decline, making it a logical target if momentum expands.
Price as of writing is trading at $5.64 with a modest 24-hour increase. Volume remains compressed but steady, matching typical pre-breakout conditions in wedge structures. The overall setup suggests a maturing environment where trend confirmation will depend on sustained closes above the pattern’s upper boundary.
Revolut Enhances Global Access and Staking Support
A second development emerged when Injective reported on social media that Europe’s largest fintech, Revolut, had listed INJ and added zero-fee staking for users. The announcement noted that Revolut serves more than 60 million users and manages £30 billion in assets, creating an expanded path for acquisition and long-term holding across global markets.
The post added that the listing enables retail and institutional users to buy, trade, and stake INJ with full yield retention. Injective stated that Revolut aims to build a global digital bank, while Injective focuses on becoming a global on-chain financial platform. This alignment comes as the network continues onboarding new RWA products, increasing activity during a period of structural market compression.
