Is Injective’s 35% Rally Just a Fluke? You Won’t Believe What Happens Next!

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So, here we are, folks. Layer 1 blockchain Injective just had a massive gain-like, 35%! It jumped from a low of $2.97 (who knew that was a thing?) on February 19 to a high of $4.02 on the 21st. Talk about a rollercoaster ride! I mean, what’s next? A unicorn sighting?

According to CoinMarketCap-which let’s be honest, sounds like something you’d find in a basement-trading volume shot up by 57%. That’s right, people were buying INJ like it was the last slice of pizza at a party.

And why? Because Pineapple decided to drop $2 million on INJ. Yeah, Pineapple. Not exactly the name you’d expect in the finance world unless they’re selling piña coladas on a beach. They also have $20.79 million in reserves, which is nice, but can I get some of that for my coffee habit?

Oh, and don’t forget: the EVM mainnet upgrade went live on February 20th. Perfect timing! It’s like putting sprinkles on a cupcake that’s already gone stale.

But Wait, This Might Not Change the Long-Term Game

Since September 2025, Injective has been playing a sad song of lower highs and lower lows-a true downtrend classic. The technical indicators are waving red flags like they’re at a bullfight. Sure, we had a little bounce, but let’s not get too excited, folks.

The RSI climbed back above neutral 50. Sounds great, right? But hold your horses! The CMF is still below -0.05, meaning cash is leaving faster than my friends when I suggest a boring movie night.

Watch out for those resistance levels at $4.16 and $6.09. It’s like trying to climb Everest without oxygen-you’re going to struggle.

Short-Term Losses? Don’t Hold Your Breath

The previous lower timeframe high of $3.94 got smashed on February 21-great! But it only means we’ve found a new swing low at $3.08, perfect for plotting Fibonacci retracement levels. It’s like finding out the “secret menu” at your favorite fast-food joint.

Now, Injective might drop toward $3.44 and $3.28 in the coming days. Because who doesn’t love a good dip? And if we get lucky, maybe there’ll be a move toward those higher timeframe resistances at $4.16 and $6.09. If not, well, it’s like waiting for a bus that never comes.

Final Summary

  • Investors should keep an eye on the bearish trend-don’t say I didn’t warn you! A rally toward $4.13 might happen, but hey, who really knows?
  • The mainnet upgrade and Pineapple’s big buy gave us a little boost, but will it last? Stay tuned!

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2026-02-22 16:17