The post Injective bulls return with 8% rally – But this could only be the start for INJ appeared on BitcoinEthereumNews.com.

Injective’s on-chain metrics showed that the recent breakout past $14.4 offered a good buying opportunity. Demand for the token has slowed down in the past two weeks, but this was only a minor cause for concern. Injective [INJ] was up 8.2% in 24 hours, and the daily trading volume was up nearly 40%, which was a bullish sign. The surge in volume came when the price challenged the $14 resistance zone, and the move beyond this level was carried by high demand. Source: INJ/USDT on TradingView The one-day price chart illustrates INJ’s bullish bias in recent weeks. It formed a range below $11 in March and April.  That rally wasn’t random—it came with rising volume and was backed by clear structure. The A/D indicator attested to the increased demand with its higher highs and higher lows since April. This uptrend has slowed down over the past two weeks. The balance between bulls and bears was more neutral now. Yet, Injective managed to breach the local $14.42 resistance, a level marked by the 78.6% Fibonacci retracement at $14.16. The MACD flashed a bullish crossover, suggesting momentum was swinging back in favor of buyers. Therefore, the move beyond $14.2-$14.4 was a firm sign of bullish intent. Increased buying volume would sustain the rally and potentially push it as high as $18.6 or $22.4. Source: CoinGlass Injective traders might not want to wait for lofty targets. On Bybit’s Liquidation Heatmap, a dense cluster appeared around $15-$15.5 and could pull INJ higher. Thereafter, the token might need time for consolidation before its next impulse move higher. This is the move that metrics signaled investors could buy. INJ metrics flash buy signal – Is it too late? Source: Santiment The data from Santiment showed that Development Activity has been fairly steady in 2025, despite the volatile…

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Filed under: News - @ May 28, 2025 9:20 am