Injective (INJ) Price Could Be Gearing Up for a 300% Move – But First, This Has to Happen

Injective is back in the spotlight after breaking out of a long downtrend that lasted for months.

Injective (INJ) price is back in the spotlight after a breakout from a long downtrend that lasted for months. According to a chart shared by top analyst CryptoDoc, who is followed by 78k on X, the token could be setting up for another move higher, just as soon as it finishes a key retest.

“Engines are cooling on PARTI and INJ. Part of a new chart series. What do you reckon, Doc? Is PARTI going to continue up? Or is this the beginning of a new trend down?”

The crypto chart analyst explained how Injective has been performing over the last six months. From January to April, the token was stuck in a falling channel.

The pattern was marked by a series of lower highs and lower lows. But toward the end of April, the price broke above the upper trendline with increasing momentum.

The breakout was followed by consecutive bullish sessions that took the INJ price to $12.94. This rally has placed Injective at a former support zone from February, which now acts as resistance.

A minor pullback is anticipated as the market assesses whether the new trend can sustain. According to the volume profile, a high trading activity cluster around $10.50 may serve as the next support level. This zone is likely to be tested if a retracement occurs.

Volume Profile Signals and Resistance Levels

The volume data on the INJ chart shows clear trading interest near $10.50, confirming it as a potential anchor for the next move. Above the current price, the profile shows lower volume, suggesting that upward movement could accelerate once resistance breaks.

The chart also outlines speculative Fibonacci extension targets at $19.50, $27.00, $35.00, and $45.00. However, these projections depend on sustained momentum and a successful retest of support. Without a bounce from the $10.50-$11.00 range, the current setup may lose structure.

Short-Term Expectations for INJ Price

Analysts are closely monitoring the $10.50 support level. If Injective manages to defend this zone, price targets above $19.00 may come into play. Conversely, if the support fails, there is potential for the INJ token to return to its previous range.

The next few trading sessions will be crucial in determining whether the current momentum translates into a new trend. Traders are also following PARTI for confirmation of pattern continuation or breakdown.

Follow us on X (Twitter), CoinMarketCap and Binance Smart Chain for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here.

We recommend WorldCoin (WCOIN) Price Analysis: Can WCOIN Continue Its Ascent? and Balancer (BAL) Price Analysis: Is the Bounce Back in Sight?