Injective (INJ) Surges 6.38% as Bulls Defend Key Support Above $14
The post Injective (INJ) Surges 6.38% as Bulls Defend Key Support Above $14 appeared on BitcoinEthereumNews.com.
Joerg Hiller
Jul 26, 2025 05:13
INJ trades at $14.18 (+6.38% daily) as technical breakout momentum continues following last week’s 14% surge, with bulls targeting $15.71 resistance level.
Quick Take • INJ currently trading at $14.18 (+6.38% in 24h) • Injective’s RSI at 59.70 signals neutral momentum with room for upside • Recent 14% surge breaking multi-week downtrend drives sustained bullish sentiment • Bulls defending $13.31 support while eyeing $15.71 resistance target What’s Driving Injective Price Today? The INJ price action today reflects continued momentum from last week’s significant technical breakout. Yesterday’s test of $13.31 support proved successful as buyers stepped in to defend this crucial level, leading to today’s 6.38% recovery that has pushed the INJ price back above $14. The foundation for this bullish momentum was established on July 20 when Injective surged 14% above key resistance levels, breaking a multi-week downtrend pattern. This breakout was supported by strategic partnerships and the EVM testnet launch, which provided fundamental catalysts alongside the technical signals. Over the past few days, the INJ price has shown remarkable resilience, consolidating above the $13 psychological support level even during minor pullbacks. The market’s ability to maintain these elevated levels suggests strong underlying demand and confidence in Injective’s technical outlook. INJ Technical Analysis: Strong Bullish Signals Emerge Injective technical analysis reveals multiple confirmation signals supporting the current uptrend. The most compelling indicator is Injective’s position relative to its moving averages, with the INJ price trading above both the 7-day SMA at $14.41 and significantly above the 20-day SMA at $13.16. The INJ RSI reading of 59.70 sits comfortably in neutral territory, providing room for further upside without entering overbought conditions. This RSI level suggests Injective has momentum to continue higher without immediate risk of a reversal…
Filed under: News - @ July 27, 2025 5:23 am