Traders are watching Injective’s price closely as it approaches its recent range highs. Moreover, technical analysis looks good, with crypto trader Seth weighing in on X: “Time for $INJ to retest range high. Injective risk to reward here is sick. #Crypto.” The price charts back up this positive outlook.

Since December 2024, INJ’s price has seen a consistent downtrend marked by lower highs and lower lows. However, February 2025 has shown signs of a potential reversal, as the price recently rebounded from the $13.00–$14.00 support zone.

The chart indicates a possible Elliott Wave formation, a widely used technical pattern in trading. Wave (1) signals the beginning of an uptrend, followed by Wave (2), a corrective pullback. The projection suggests further upward momentum, with Wave (3) expected to show significant strength.

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The analysis identifies the range low at $13.00–$14.00 as a solid support level, where INJ’s price has found footing. On the upside, the range high around $25.30 is a key resistance point. Traders are watching whether the price can sustain momentum to test this level.

The chart also highlights favorable risk-to-reward dynamics. A move from the current support zone to the range high presents a strong upside potential compared to the downside risk if support fails.

Injective’s technical indicators align with the bullish outlook. The RSI remains below the overbought zone, indicating room for further price appreciation. Meanwhile, short-term moving averages have begun crossing upwards, a signal of growing momentum in the market.

The tweet by Seth underscores the enthusiasm among market participants for INJ. He points out the favorable risk-to-reward setup and anticipates a move toward the range high. While these projections are based on technical analysis, market participants should exercise caution, as external factors and unforeseen developments can affect price action.

Furthermore, Injective’s price performance in the coming weeks will depend on its ability to hold support and build on this momentum. Traders will be watching closely for confirmation of the Elliott Wave pattern and whether INJ can reach the projected targets.

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The post Will Injective (INJ) Price Retest Range Highs? Key Levels to Watch appeared first on CaptainAltcoin.

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