Analyst Ali, known on X as @ali_charts, says Injective is consolidating inside an ascending triangle and could be preparing for a 30% move. In his view, INJ price keeps making higher lows against a flat ceiling near $16.
This is a setup where buyers step in sooner on each dip while one clear barrier holds overhead. On the chart he shared, the INJ price sits around $12.86, riding a rising trendline that began in April and points into late September.
Ali’s post highlights the idea behind the pattern. If INJ breaks above the horizontal cap with strong volume, momentum often accelerates. If it fails, price can slide back to trendline support and even retest lower Fibonacci areas. His message is simple. Injective is coiling inside a well known pattern and the next move can be fast.
Key Levels for the Injective Price
The triangle ceiling sits near $16, which lines up with the 1.0 Fibonacci area on Ali’s chart. The rising support has been catching pullbacks since April and now sits just above $12. If that line holds, the INJ price can keep pressing into the apex of the triangle.
Below the trendline, the next supports on Ali’s chart appear near the 0.618 Fibonacci region around $11 and then the $10 area. Above the ceiling, the next visible zones are around $17 first, then the Fibonacci extensions near $20 and $23. Those levels match the way Injective has moved this year, with strong swings once price clears a key boundary.
So, Will the Next Double-Digit Spike Play Out?
Ali frames it as a 30% move from consolidation. From about $12.86, a 30% push higher points to roughly $16.72, which would mean a clean break above the triangle top and a possible run toward $17 to $20.
A 30% drop would point near $9, which lines up with older support seen in the pattern. Given the bullish nature of an ascending triangle, the probability favors the upside as long as INJ keeps closing above the rising trendline and retakes $14 with strength.
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In short, the setup that Ali shares supports the idea that Injective can deliver another double digit spike. The answer is yes, if buyers force a daily close above $16 with rising volume.
That would validate the ascending triangle Ali is watching and open the path to the $17 to $20 region next. If INJ loses the trendline decisively, the Injective price likely extends the consolidation and tests $11 to $10 before any new attempt higher.
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