Injective (INJ) Finally Joins the Market Rally but Price Faces Crucial Test Ahead

Injective price has just made a significant move that could mark the beginning of a bigger rally. For weeks, INJ price had been trapped inside a descending channel, gradually making lower highs and lower lows. But now, that pattern has been broken.

As the chart shows, INJ has broken above the upper resistance line of the falling channel. This move came with a strong bullish candle that pushed the price up to around $13.05. This breakout is a major signal. It tells us that Injective might be done with its downtrend and is now trying to reverse direction.

INJ Price Chart

What makes this breakout more important is the volume and size of the candle. When a breakout happens with this kind of momentum, it increases the chances of continuation. The next major resistance area now sits at around $15, which is also close to a recent local high.

However, for this rally to be confirmed, the broken resistance of the descending channel must now act as support. If INJ price retests that line and bounces, it will give traders and investors more confidence to enter. If it fails to hold, the move could be a false breakout and pull the price back down.

INJ Technical Indicators Signal Bullish Strength But With Caution

The technical indicators on the 5-hour chart show a mix of strong momentum and possible short-term caution. Here’s a breakdown of the key metrics, including what each one is signaling for INJ price action right now:

Name Value Action RSI (14) 79.507 Overbought. Injective price is in a heated zone. A cooldown may follow. Stochastic (9,6) 69.018 Buy. Momentum is still building, but getting close to overbought. MACD (12,26) 0.477 Buy. The bullish crossover is intact, confirming upward pressure. CCI (14) 186.7732 Buy. Strong trend in favor of bulls, but possibly due for a pause soon. ATR (14) 0.4221 High Volatility. Expect bigger swings in INJ price, both up and down. Ultimate Oscillator 79.323 Overbought. The trend is strong, but a pullback could follow quickly.

What this means is that INJ price is showing strong upward pressure, but several indicators are also hinting that the market may be overheated. This doesn’t necessarily mean the rally is over, but it does suggest that some kind of correction or sideways movement could happen before the next leg up.

Injective Price Moving Averages Are All Bullish

All the moving averages across the board are flashing buy signals. From short-term averages like MA5 and MA10, to longer-term ones like MA100 and MA200, they all point upward.

The simple moving average (SMA) and exponential moving average (EMA) for MA5 are both above $12.3, supporting the recent price jump. MA10 sits around $11.6 to $11.8, which is still comfortably below the current price, reinforcing the upward trend.

As we move to the MA20, MA50, and MA100, the values remain between $10.8 and $11.4, and all are still showing a strong buy signal. Even the MA200, which gives a longer-term view of the trend, is bullish. This tells us that Injective’s price is not just rising in the short term but is also supported by its broader trend.

Injective Price Looks Ready for a Bigger Move If Support Holds

Injective has finally broken out of its descending channel, and that changes the outlook. With the price now trading around $13 and showing strong bullish candles, the momentum is clearly with the bulls. But the real test will come if the price pulls back to retest the broken trendline. If it bounces from that level, the door is open for a run toward $15 and possibly even higher.

Read Also: ONDO Overcomes Major Resistance, Next Stop Could Be a New All-Time High

The indicators suggest strong buying interest, though some signs of overbought conditions are also there. Traders may want to watch closely for any consolidation or brief dip, especially with high volatility in play.

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