Injective (INJ) might be repeating history. According to analyst Crypto Patel, the INJ price is currently following the exact same structure that led to its last massive breakout. The pattern playing out on the chart now mirrors what happened before INJ went 40x from just under $1 to over $50.
The chart shows three clear phases: a massive pump, a deep correction, and a long period of accumulation right below a key resistance. And right now, INJ appears to be sitting at the same kind of inflection point where its last bull run began.
In the previous cycle, Injective rallied from around $0.65 all the way to $25, then dropped to just $1.12, before climbing again to a high of $53. That entire move formed a 1-2-3 fractal, which Crypto Patel highlights as the exact same formation we are seeing again.
From the chart, the initial leg up took INJ from less than $1 to over $25, a more than 4,000% move. After that, it corrected sharply by over 95%, falling back to the $1 range. It then rebounded again in a second wave and reached $53 before topping out and entering another downtrend.
Now, the current cycle is shaping up in the same way. The recent high around $53 has been followed by a correction down to $6.34. That 87% pullback looks very similar to the previous one. And just like last time, Injective is now moving sideways right under a descending resistance line, in the same accumulation zone as before.
Analyst Eyes $200 If INJ Breaks the Structure
The chart by Crypto Patel suggests that if this pattern holds and INJ breaks out of the current structure, the next wave could target $200. That would represent a move of over 2,000% from recent levels, repeating the kind of explosive rally seen in the last cycle.
What gives this projection weight is how closely the structure has mirrored the last move so far. Both cycles have the same steep rally, the same big correction, and the same sideways build-up under resistance. In both cases, the support zone during the correction has held firm and acted as an accumulation area.
Crypto Patel points out that the breakout level this time sits just above $17. If Injective clears that resistance trendline with volume, the technical pattern would confirm, and a third wave might kick off. That could be the beginning of the projected move toward the $200 region.
INJ Price Structure Suggests a Major Breakout Is Near
Right now, Injective is hovering around $14, consolidating inside the green support zone shown on the chart. The resistance trendline that capped the price action in both past setups is again acting as a ceiling.
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If history repeats, this could be the moment right before the explosive rally begins. According to Crypto Patel, many traders missed the last 40x move. With the same fractal setup forming again, he asks whether they’ll miss the next one too.
The market has seen this structure play out before on INJ, and if it breaks again like last time, $200 might not be as far-fetched as it seems.
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