INJ Reclaims the Macro Trend: Retest Toward NPOC+VWAPINJ / TetherUSBINANCE:INJUSDTHyperProphitINJUSDT Weekly Time frame INJ (1W) has been moving inside a large ascending channel since 2020. In 2026 it tapped the lower boundary of that channel near 2.8, and it has since rallied back above the descending channel (orange) that had capped price since the March 2024 all-time high at 53. Price is now pulling back to retest the 6.554 horizontal level, which was resistance and is now support. Bullish scenario: If the weekly candle holds above 6.55, I expect continuation toward 13.42, which is the first major target. Two things overlap there: The naked POC of the 2025 range, an untested high-volume node The anchored VWAP drawn from the ATH, which acted as dynamic resistance during the downtrend That is roughly a 100% move from the current price. The midline of the macro channel (dotted green) sits in the same area and adds confluence. Invalidation: A weekly close back below 6.55 and inside the descending channel would turn this into a failed breakout and open a move back toward the 4.0 zone and the lower macro channel support. Fundamentals: - A weekly buyback-and-burn auction directs 60% of all dApp fees into open-market INJ purchases that are then destroyed. The supply is capped at 100M, so every burn is permanent. - The monthly Community BuyBack lets holders commit INJ to earn a share of ecosystem revenue, and every contributed token is burned. - Institutional access is expanding. Canary has filed for a staking INJ ETF, 21Shares has filed for a spot INJ ETF, and 21Shares already lists a physically backed INJ staking ETP. - Circle’s native USDC launched on Injective on May 7, 2026, deepening stablecoin liquidity for the chain’s trading apps. Risk management: Wait for the weekly close rather than guessing the bounce. Place stops below $6 and size positions accordingly. This is not financial advice. Trade at your own risk and always do your own research.