Date: Sun, Oct 05, 2025 | 04:46 AM GMT
The cryptocurrency market is showing strength as the prices of both Bitcoin (BTC) and Ethereum (ETH) have surged over 13% in the past 7 days. Riding this resilience, several altcoins are starting to flash bullish signals — and Injective (INJ) is one of them.
INJ has gained around 8% over the past week, but what makes it more interesting is its technical structure, which could be gearing up for a bullish breakout in the near term.
Falling Wedge in Play
On the weekly chart, INJ is carving out a falling wedge pattern — a setup often viewed as a bullish reversal structure that tends to appear near the end of prolonged downtrends.
During its recent decline, INJ slipped toward $6.36 after facing resistance at the wedge’s upper boundary. However, buyers strongly defended this critical level, triggering a rebound that has now pushed the token near $12.71, where it is currently testing the wedge resistance trendline.
This tightening wedge suggests that momentum is coiling up, with a decisive move likely approaching.
What’s Next for INJ?
If bulls manage to push INJ above the wedge resistance and reclaim the 200-day moving average (MA) at $21.24, it would likely confirm a bullish breakout. A successful breakout could open the door for a potential rally toward $48.11, aligning with the wedge’s measured move projection.
On the other hand, if the breakout attempt fails, the token could once again revisit its wedge support before attempting another upward move.
For now, the setup suggests that INJ is at a critical juncture — either preparing for a strong bullish breakout or setting up for one last retest of its lower support levels.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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