🚀 INJ Poised for Explosive Breakout as Wallet Adoption Smashes Records

Injective Protocol's native token INJ is flashing bullish signals as network growth hits unprecedented levels. Here's why traders are scrambling for position.

The Wallet Metric That's Setting the Market Ablaze

Active wallet addresses just shattered previous records—no fancy footwork from institutional bag-holders this time, just organic demand. The blockchain doesn't lie (though some VCs might).

Technical Setup Screams Opportunity

A textbook pennant formation on the daily chart suggests imminent volatility. Market makers are either about to fuel a 30% pump... or get caught with their algos down.

DeFi's Quiet Outperformer

While flashier L1s grab headlines, INJ's 90-day ROI quietly embarrasses most of CoinMarketCap's top 50. But sure, keep chasing that memecoin 'utility'.

The breakout watch is on—whether this becomes 2025's stealth rally or just another 'almost' moment depends on whether the network can convert users into price action. Place your bets.

Price Action and Technical Setup

Injective (INJ) traded NEAR $15 at the time of writing, just under resistance around $16.12, which matches the 1.0 Fibonacci extension. 

Analyst Ali Martinez noted INJ “could be in the middle of a bullish retest before higher highs,” pointing to an ascending triangle structure that has been in place since early April.

Injective $INJ could be in the middle of a bullish retest before higher highs! pic.twitter.com/e4AMvYB1L7

— Ali (@ali_charts) August 15, 2025

Notably, the $16 area is shown as a breakout point, with mapped targets at $20.27, $22.83, and $27.11 if the advance continues. Holding above the trendline and breakout zone WOULD maintain the bias in favor of buyers, while a drop back could lead to a move toward the $13.46 support level.

Short-Term Pullback and Key Levels

After a strong rally, INJ was rejected at $16.50, leading to a pullback. Analyst crypto Eagles said the $14.2–$14.5 range is the next demand zone, adding, 

“If buyers defend this level, we could see a clean leg back towards $15.5+.”

Analyst Smith noted INJ breaking from ascending support and projected a “+120% MOVE toward $34” if momentum resumes.

Wallet Growth at Two-Month Peak

Data from Gemtoast shows cumulative INJ wallet numbers rising without pause for two months, now above 4,000. New wallet creation has also recorded periodic spikes, indicating fresh participation. Red bars in the chart show total accumulating wallets, while purple bars track new daily wallet creation.

New wallets stacking $INJ are PEAKING

Cumulative wallet growth has been climbing non-stop for 2 months, now pushing past 4K

The Injective network keeps pulling new believers in pic.twitter.com/4wCR8UOk6a

— Gemtoast (@gemtoast) August 15, 2025

The steady climb suggests more holders are entering and keeping INJ in wallets, adding to network participation.

In addition, Injective reported that the CBOE has filed with the SEC to list the Canary Capital Staked INJ ETF. The CBOE handles over $2 trillion in monthly notional volume. The move points to a growing presence of large market players in the Injective space.