Injective (INJ) is holding a key demand zone as buyers look for a bullish reversal despite pressure from a descending trendline. Meanwhile, the Trench Treasury has launched to support communities and builders, with its first rewards going to projects that have helped expand user participation across the Injective ecosystem.
As of now, according to CoinMarketCap data, Injective is trading at $7.52, with a decrease of 3.77% over the past 24 hours and an increase of 2.96% over the past week.
INJ Price Tests Resistance While $7.2–$7.3 Support Holds
According to crypto analyst BullishBanter, Injective is testing a key resistance level while continuing to hold a horizontal demand zone around $7.2–$7.3. Price action shows that buyers are defending the support area, although a descending trendline continues to limit the token’s recovery.
Repeated reactions from the $7.2–$7.3 zone have made it an important level for INJ. Each move into the area has attracted buying interest, helping the token avoid a deeper decline and keeping the possibility of a bullish reversal open.
However, INJ still needs to break above the descending trendline before the broader structure can turn more positive. A confirmed breakout could signal that buyers are gaining control and potentially open the way toward the upper boundary of the current trend.
For now, the setup remains dependent on confirmation. If INJ continues to defend the $7.2–$7.3 base and forms a clear bullish reversal, attention could shift toward the upper trendline and potentially higher levels. Until then, the price remains under pressure as the market waits for a confirmed breakout.
Injective Launches Trench Treasury With First INJ Community Rewards
Injective has launched its Trench Treasury, introducing a rewards initiative designed to support communities and projects contributing to the growth of the Injective ecosystem. The program has already begun distributing its first rewards to communities that have helped bring new users and builders to the network.
The Injective Foundation has allocated INJ rewards to the communities behind Sprout and RunUp as the first recipients of the initiative. Both projects have contributed to user growth by introducing new participants to Injective and helping builders explore opportunities within the ecosystem.
As the Trench Treasury becomes active, Sprout and RunUp are expected to publish specific distribution criteria and timelines through their official channels. This will provide eligible community members with further details on how the rewards will be allocated.
Injective described the launch as the start of a broader series of initiatives under the Trench Treasury. The program also aims to encourage developers to build projects that attract real users while supporting the growing community around the Injective network.
