- INJ holds firm above $13.60, supported by its 50-day SMA and rising demand.
- RSI and MACD show growing momentum after a recent recovery from $12.00.
- A breakout above $15.70 could trigger a 65–70% rally toward the $26 resistance zone.
Injective (INJ) is tightening within a bullish triangle, with momentum building fast. As price holds above key support and volume strengthens, all eyes are on a breakout that could send INJ soaring toward $26.
Bullish Triangle Signals a Potential Price Explosion
INJ is trading within an ascending triangle on the daily chart, with support formed by higher lows and resistance fixed near $15.70. This pattern often leads to bullish continuation if price breaks out above the resistance zone.
As of press time, INJ is trading at $13.61, with a 5% daily gain. The $12.42 zone has provided steady support through recent consolidations. Buyers have consistently stepped in at higher levels, suggesting strengthening demand.
According to data shared by Johncy Crypto on X, the Volume Profile (VRVP) highlights strong trading activity between $11.00 and $13.50, confirming this zone as a crucial area of accumulation. Above $15.70, the chart shows a volume gap—an area with limited historical trading. If price clears this level, it may move quickly toward $20 and potentially $26, where the next resistance cluster lies.
The short-term chart shows INJ rebounding from $12.00 to a local high near $13.79. Price action remains constructive, with higher lows forming and minor volume spikes accompanying green candles—clear signs of active buying.
Indicators Confirm the Shift in Market Sentiment
Momentum indicators are backing the bullish case.RSI ticked up to 57.40, up from below 40 on August 3, and now sits comfortably above its moving average of 49.51. This signals improving strength and growing upside pressure.
Source CryptoRank
MACD also shows a recent bullish crossover. The MACD line at 0.08 has edged above the signal line at 0.07, while green histogram bars continue expanding. This follows a long bearish phase through late July, further reinforcing the shift in sentiment.
If INJ breaks out above $15.70 with strong volume, a move toward $26 is possible—representing a 65–70% upside from current levels. Support holds at the ascending trendline, with deeper demand at $11.20 and $7.00 if the structure fails.
