The post Injective (INJ) Maintains Bullish Momentum Near $15 After 14% Surge appeared on BitcoinEthereumNews.com.

Luisa Crawford
Jul 22, 2025 01:14

INJ trades at $14.83 with strong bullish signals as technical breakout and strategic partnerships drive sustained momentum toward $15.71 resistance level.

Quick Take • INJ currently trading at $14.83 (+0.07% in 24h) • Strong bullish momentum with Injective’s RSI at 68.93 and MACD showing positive divergence • 14% surge on July 20 following multi-week downtrend breakout and strategic partnerships What’s Driving Injective Price Today? The most significant catalyst for INJ price action came on July 20, when Injective surged 14% above key resistance levels, breaking out of a multi-week downtrend pattern. This technical breakout has been the primary driver of sustained bullish momentum, with the INJ price now consolidating near the $14.83 level. Adding fuel to this rally, Injective’s 15% surge on July 19 was directly attributed to the launch of its EVM testnet and strategic partnerships with major tech giants Google Cloud and Deutsche Telekom. These developments represent significant infrastructure upgrades and enterprise-level validation for the Injective ecosystem, providing fundamental support for the recent price appreciation. The mysterious announcement teased on July 17 generated initial market interest, though its actual impact on INJ price appears to have been overshadowed by the more concrete technical and partnership developments that followed. INJ Technical Analysis: Strong Bullish Signals Emerge Injective technical analysis reveals multiple confirming bullish indicators across different timeframes. The most compelling signal comes from Injective’s RSI reading of 68.93, positioning INJ in a healthy bullish zone without reaching overbought territory, suggesting room for continued upward movement. The MACD configuration strongly supports this bullish thesis, with INJ’s MACD line at 0.9261 trading well above the signal line at 0.6097. The positive histogram reading of 0.3164 indicates strengthening bullish momentum for Injective, typically a precursor to sustained price…

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Filed under: News - @ July 22, 2025 8:28 am