The post Injective (INJ) Surges 14% Above Resistance as Bulls Target $15.48 – Technical Breakout Analysis appeared on BitcoinEthereumNews.com.

Rebeca Moen
Jul 20, 2025 05:52

Injective breaks multi-week downtrend with strong momentum, trading at $14.23 after key resistance breakouts. Technical indicators signal continued bullish momentum.

Injective (INJ) Surges 14% Above Resistance as Bulls Target $15.48 – Technical Breakout Analysis Executive Summary Injective Protocol (INJ) has demonstrated exceptional technical strength over the past week, breaking through multiple resistance levels and confirming a significant trend reversal. Trading at $14.23 with a 2.08% daily gain, INJ has successfully escaped a multi-week downtrend pattern and is now positioned for potential further upside targeting the $15.48 resistance zone. The cryptocurrency’s technical indicators collectively paint a bullish picture, with momentum oscillators approaching overbought territory while still maintaining room for additional gains. Recent Market Developments Multi-Week Downtrend Breakout Confirmed On July 19, 2025, Injective achieved a critical technical milestone by breaking out of a prolonged downtrend pattern near the $11.50 level. This breakout represents a fundamental shift in market structure, transforming the prevailing bearish sentiment into bullish momentum. The confirmation of this trend reversal has established $15.48 as the next logical price target, representing approximately 8.8% upside potential from current levels. The significance of this breakout cannot be understated, as multi-week downtrends typically require substantial buying pressure and institutional interest to overcome. The fact that INJ managed to decisively break above this resistance suggests that accumulated selling pressure has been absorbed, and buyers are now in control of price action. Strategic Resistance Level Conquests The week of July 14 marked another crucial development when INJ successfully breached the $12.50 resistance level, initially targeting $12.88. This technical achievement demonstrated the cryptocurrency’s ability to maintain momentum through key psychological price levels. The subsequent price action has validated this breakout, with INJ now trading well above both targets and establishing new…

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Filed under: News - @ July 20, 2025 5:57 am