Injective (INJ) is starting to draw interest again. While Bitcoin’s still calling the shots in the market, INJ price is showing some interesting signs that momentum might be shifting. Traders are watching closely, especially as talk of an altcoin rotation picks up steam.

A post from top analyst Dark Knight on X highlights this potential breakout. He’s bullish, not just because of the chart, but because INJ’s fundamentals look stronger than ever. The project’s ecosystem is growing, the community’s still going strong, and the tech has leveled up since the last bull run. According to him, once INJ price cracks its previous all-time high, it could really take off from there.

The 1-day chart shows INJ trading around $9.32. This level comes after a recovery from $6.64, which now serves as immediate support. Price has also crossed the 50-day simple moving average (SMA) at approximately $9.08, a move that has historically preceded trend shifts.

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Several Fibonacci retracement levels have been plotted from a previous high-to-low move. These levels serve as zones of potential resistance. The 0.786 Fib at $10.97 is a key level to watch. If this resistance breaks, it could pave the way toward $14.30 and higher levels at $16.75, $19.14, and $22.10 respectively.

Volume has steadily increased as Injective price moved higher from its recent bottom. This rise in volume often reflects growing interest and possible accumulation. The MACD indicator also shows positive crossover, with the MACD line rising above the signal line and the histogram turning green. This technical condition is commonly associated with building bullish momentum.

While short-term price action remains below key resistance levels, these early signals are being monitored closely by market participants. A move above $10.97 could accelerate bullish momentum and open up further upside potential in line with previous cycles.

The chart and tweet by Dark Knight adds context to INJ’s current market behavior. The post points to long-term growth in the Injective ecosystem and anticipates a strong move once price clears previous highs. While sentiment among followers appears optimistic, current resistance levels will need to be cleared for continuation.

With the broader crypto market watching for potential altcoin leaders in 2025, INJ’s price behavior in the coming weeks may determine its position in the next major breakout cycle.

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The post Injective (INJ) Price Is Coiling Up for a Monster Move – Will It Be 2025’s First Major Altcoin Breakout? appeared first on CaptainAltcoin.

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