фото показано с : captainaltcoin.com

Injective (INJ) price is starting to show real signs of strength after finally breaking above a trendline that’s been holding it back for months. This breakout hasn’t gone unnoticed, veteran trader Crypto Rand pointed it out, saying INJ has pushed “over the main downtrend resistance.” After a long stretch of lower prices, the bulls may finally be stepping in.

Looking at the weekly INJ chart, the downtrend from late 2023 into mid-2024 was pretty clear. Each rally attempt kept getting rejected at the same descending line until now. The most recent weekly candle has pushed above it, suggesting a shift in how the market views this token.

Since this breakout happened on the weekly chart, it carries more weight than a move on the lower timeframes. INJ price now seems to be settling above the $13.00 support zone, trying to build a new base. If buyers hold this level, it could be the start of a broader trend change.

The chart includes several horizontal levels that outline Injective’s next potential moves. Immediate support is situated around $13.00. This zone now serves as the foundation for the rally and may help confirm bullish continuation if defended.

On the upside, resistance remains firm at $17.00, where INJ price saw a reaction. Above that, potential targets lie around $22.00, $30.00, and as high as $44.00, based on historical levels. Failure to hold $13.00 could prompt a pullback to the $9.40–$10.00 region.

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Market structure appears to be shifting with stronger weekly candles and a breach of the major downtrend. However, the move requires follow-through. A weekly close above the trendline and a successful retest of $13.00 would further support the bullish case.

Traders are now watching for a clean breakout above $17.00 for INJ price to confirm strength. If this occurs with volume, it may validate the breakout and establish a higher trading range going into the next quarter.

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The post Injective Bulls Take Charge as INJ Price Smashes Long-Term Resistance – Can the Rally Hold? appeared first on CaptainAltcoin.

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