TLDR:
- INJ is down roughly 95% from its macro high and now trades near the $2.70–$1.70 HTF accumulation zone.
- A high-timeframe fair value gap is active at current price levels, signaling a potential re-accumulation structure forming.
- The previous cycle saw INJ rally approximately 4,619% from a similar deep corrective and accumulation base phase.
- Analysts set bull market expansion targets at $80 and $200, with strict invalidation placed at a close below $1.10.
INJ is drawing renewed attention after declining approximately 95% from its macro cycle high. The token is currently trading near $2.96, placing it within a high-timeframe fair value gap.
Market participants are watching this zone closely as a critical accumulation area. The current price structure closely mirrors conditions that preceded a historic 4,619% rally.
Whether history repeats itself depends entirely on key technical levels holding firm on higher timeframes.
Technical Structure Suggests Re-Accumulation Phase Forming
INJ is presently trading inside a high-timeframe fair value gap following a prolonged corrective move. This imbalance zone is being monitored as a primary demand and absorption area by technical analysts.
The price range between $2.70 and $1.70 represents the active HTF accumulation zone for the asset. Continued demand within this range is drawing attention from traders tracking the longer-term structure.
A multi-year descending resistance trendline compression is also forming alongside current price action. Volatility has contracted noticeably, a condition that often comes before a strong expansion move.
Furthermore, a rounded base formation is developing within the imbalance zone at present levels. These combined technical conditions point toward a potential breakout setup building around current price.
Crypto analyst CryptoPatel shared a detailed breakdown of the setup on social media, stating that INJ is “trading inside a HTF FVG after a ~95% corrective move from its macro high.”
$INJ Down ~95% From Cycle High: Last Time This Happened, It Rallied +4,619%. History About To Repeat?#INJ Is Trading Inside A HTF FVG After A ~95% Corrective Move From Its Macro High, Positioning Price At A Critical Accumulation Vs Invalidation Zone.
Technical Structure
… pic.twitter.com/LaS4DoGH3v
— Crypto Patel (@CryptoPatel) February 28, 2026
The structure is framed as an accumulation versus invalidation zone. The setup remains constructive as long as INJ holds above $1.10 on a high-timeframe close basis. A breach of that level would serve as strict invalidation for the entire thesis.
Historical Precedent and Macro Expansion Targets Under the Microscope
The 2023–2024 cycle for INJ delivered an impulsive rally of approximately 4,619% from its accumulation base. That advance followed a deep corrective phase before the asset moved into a parabolic expansion.
The current market structure bears a close resemblance to the conditions that preceded that historic move. As a result, analysts are drawing direct parallels between the two market cycles.
The 2024–2026 correction has since brought INJ down roughly 95% from its peak. This decline has repositioned the price back into what technicians describe as a re-accumulation phase.
The zone between $2.70 and $1.70 continues to serve as the primary area for order flow absorption. Meanwhile, the sub-$1.10 region is identified as a secondary demand zone if price invalidates the current setup.
Bull market expansion targets outlined in the analysis point to $80, followed by a macro projection of $200. These targets are contingent on INJ maintaining its technical structure above current support.
A high-timeframe close below $1.10 would fully negate the re-accumulation thesis. Until then, the setup remains one closely watched by technical traders and market observers alike.
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