Injective (CRYPTO:INJ) price aims for recovery after hitting a monthly low below $35, buoyed by recent significant accumulation by crypto whales.

Despite a 16% correction in the past week, INJ now trades above $30, with indications of potential price recovery.

The surge in daily active addresses (DAA) amid price decline signals a buy opportunity, further supported by crypto whales' acquisition of $24.8 million worth of INJ in a single day.

While breaching the $35 resistance could propel INJ to $40, failure to do so might lead to a decline towards $30 or even $28 amid bearish market cues.