Will Injective (INJ) Bounce Back to Extend Its Rebound? This Fractal Pattern Says Yes!

Date: Sun, May 04, 2025 | 12:50 PM GMTAfter a rocky start to 2025 — with Ethereum (ETH) plunging 45% in Q1 — the crypto market is beginning to show some much-needed strength. ETH has already rebounded over 31% from its April 7 low, and this positive momentum is now rippling into the altcoin space.One standout showing early signs of revival is Injective (INJ). While still down roughly 51% year-to-date, INJ has climbed 16% in the past 30 days. But this isn’t just a simple bounce — a powerful fractal pattern forming on the chart suggests something bigger might be brewing.Source: CoinmarketcapINJ Mirrors NEAR’s Previous Bullish SetupTake a look at the chart above. On the left, we see NEAR Protocol (NEAR) in February 2024. After forming a textbook bearish Gartley harmonic pattern, NEAR made a short pullback from point D (highlighted in red) — right into support from the 50-day moving average — before exploding more than 150% to the upside. /* Center the image */ .image-container { text-align: center; margin: 20px 0; } /* Ensure image is large in the post */ .image-container img { width: 100%; max-width: 940px; height: auto; cursor: pointer; /* Change cursor to indicate clickability */ transition: opacity 0.3s; } /* Hover effect to indicate interactivity */ .image-container img:hover { opacity: 0.8; } /* Main image caption */ .image-caption { font-size: 14px; color: #555; margin-top: 5px; } /* Full-view hint caption */ .click-hint { font-size: 14px; color: #007bff; /* Blue color for emphasis */ cursor: pointer; text-decoration: underline; margin-top: 3px; } NEAR and INJ Chart Fractal Chart/Coinsprobe (Source: Tradingview) Now, on the right, we see Injective (INJ) showing strikingly similar price action. The same bearish Gartley pattern has completed, and INJ is currently pulling back from its point D — again, finding support near its 50-day moving average (currently around $9.06).This mirrored setup has caught the attention of technical traders, and many are now watching to see if INJ will repeat NEAR’s explosive rally.What’s Next for Injective?If Injective can reclaim $10.53 — the resistance level at point D — and maintain strength above the 50-day MA, a bullish breakout may follow, just like NEAR’s did last year.While nothing in crypto is guaranteed, this repeating fractal pattern suggests the potential for a major rebound may be on the horizon — possibly even a double-digit percentage rally if momentum returns to the broader market.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.