Injective (INJ) prices are currently hovering near the $7.00 level, a critical support zone that was previously seen during bullish market phases in early 2023. The token’s price has faced strong resistance near $21, the midpoint of its downtrend channel, leading to recent trading volume surges. This surge reflects renewed interest at historically low levels. The analysis by Bitcoinsensus highlights a key turning point for INJ. It notes that after hitting a multi-year high in early 2024, price has been trending downwards, testing the previously mentioned support zone and breaking below the $21 level – marking a shift to increased bearish momentum. 21 serves as a key magnet level where price may revisit before facing upper boundary resistance again.