Injective Poised for Major Move if Multi-Year Resistance Finally Falls
The post Injective Poised for Major Move if Multi-Year Resistance Finally Falls appeared on BitcoinEthereumNews.com.
Injective (INJ) price nears breakout at $16-$17 after months of resistance tests. Rising volume hints at a possible move above $20 soon. Injective (INJ) looks ready to break free from a stubborn price ceiling it has tested for almost a year. The token is now hovering in a crucial $16 to $17 zone where a multi-month descending resistance line meets current trading. Increasing volume and weakening selling pressure suggest a breakout may be near. If $INJ clears this barrier soon, it could trigger a move above $20. Analysts say this setup signals years of pent-up supply could finally clear, opening the way for a sharp rally. Injective Price Chart Signals Waning Selling Pressure Injective has faced a strong descending resistance line for over 12 months. Every test of this trendline resulted in rejection, but the intensity of those rejections has diminished. 🚨 $INJ ABOUT TO BREAK FREE – In about…. (potential) 30 days?@injective has been fighting this MULTI-MONTH descending trendline for literally almost a year (see those yellow arrows) 📈 What we’re seeing:✅ 3+ years of trendline resistance tests✅ Each rejection getting… pic.twitter.com/QQizZHWtoL — CryptoBusy (@CryptoBusy) August 8, 2025 Crypto analyst CryptoBusy points out that sellers appear exhausted as each bounce off the line gets weaker. The price currently rests at the critical breakout zone between $16 and $17. Volume trends reinforce this outlook as buying activity steadily increases. This combination hints the market is gearing up for a move beyond the resistance. This pattern suggests bulls are gaining ground as bears lose momentum. When a long-held trendline finally gives way, it often leads to a swift and significant price shift. Injective has been trapped under this ceiling for years, and overcoming it could remove a major barrier to growth. The next resistance above the breakout zone is limited, potentially…
Filed under: News - @ August 9, 2025 10:25 am