Injective has caught traders’ attention after showing early signs that its long downtrend might be reversing. The token jumped over 15% today and is trading around $13.75 as of writing. People are watching closely to see what happens next as INJ price pushes above a downtrend line that’s been in place since 2023.
Veteran analyst Crypto Rand called this move a “bullish breakout” in a recent tweet, noting that the Injective ecosystem has been growing rapidly over the past few months. This observation has sparked more interest in how the token might perform technically.
The recent price action, along with a decent uptick in trading volume, has some traders thinking a new upward trend could be starting. Still, INJ price sits below several resistance levels that have caused selling pressure in the past.
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Injective Downtrend Break Signals Early Momentum Shift
Injective spent much of 2023 under heavy bearish pressure. The token formed consistent lower highs and lower lows, trading downward from above $45 to as low as $12. A descending trendline marked the upper boundary of this prolonged decline.
Over the past few weeks, INJ price has broken above this trendline. This marks the first time the asset has formed a higher low on the weekly chart since the selloff began. Price is now consolidating just below the $14.50 level, with eyes on the next short-term resistance near $15.50. While this structure supports a bullish case, confirmation will require a decisive breakout above that range.
The tweet from Crypto Rand called attention to this technical shift and the broader network growth around Injective. These comments align with the renewed focus on the asset’s on-chain fundamentals, including DeFi protocol activity and smart contract integrations.
Injective Key Support and Resistance Levels to Monitor
Price is currently positioned between local support at $13.00 and immediate resistance at $14.80. This zone has served as a congestion area in prior trading sessions, acting as a barrier to upward continuation. If INJ price holds above $13.00, the structure remains intact.
Further upside targets include $15.50 and $17.00, where past rejections have occurred. These levels are drawn from previous weekly candle structures. On the downside, any failure to maintain the $13.00 zone could reopen the path toward the macro support band around $12.00, which has been tested several times since late 2023.
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Despite the breakout above the trendline, volume remains modest. A sharp increase in volume is often necessary to confirm a breakout of this nature. As of now, there is no evidence of aggressive accumulation, but steady interest is building.
Sentiment around INJ remains steady, especially with Injective’s ecosystem continuing to develop. Traders are watching closely for signs of renewed participation, especially near historical resistance zones. A breakout above $15.50 with elevated volume may support the argument for a new bullish leg.
Outlook Hinges on Next INJ Resistance Break
For short-term traders and trend followers, the next key level remains $15.50. A successful push above this resistance could create room for a move toward the $17.00-$30.00 mark. A rally of this scale would represent a continuation of the breakout structure and could bring INJ price back into its mid-2023 trading range.
Until then, maintaining support above $13.00 remains critical. Any loss of this level could weaken the current structure and put recent gains at risk. Traders and analysts will continue monitoring the price action and trading volume for the next clear signal.
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