With 83% of Injective (CRYPTO:INJ) holders at break-even, the crypto community is on alert for signs of a price surge, following a recent 5% recovery indicating potential upward momentum.

The increase in daily active addresses and a solid consolidation pattern suggested by EMA lines fuel optimism for INJ's market recovery, despite a 14.62% correction last month.

The growth in INJ's active addresses, from 509 to 755 in just four days, signals a revival in user engagement, potentially setting the stage for a price rebound.

The current market compression, depicted by the EMA lines on the 4-hour chart, presents a cautious outlook; however, the substantial break-even holder base may mitigate selling pressure.

If underlying market strengths propel an uptrend, INJ's journey back to the $44 mark could materialize, reflecting the community's belief in its value proposition amidst ongoing consolidation.