Injective (INJ) hits five-month high, down 4.6% as key resistance test looms

Injective (INJ) has surged to a five-month high as traders closely monitor its attempt to break out of a key resistance level, with analysts speculating a potential target of $25. The cryptocurrency retested critical technical levels on July 18, 2025, following a bullish pattern that has drawn attention from market participants [1]. The move comes amid renewed optimism for the asset’s price trajectory, particularly as it approaches pivotal support and resistance thresholds. A clean breakout above $15.5 would likely position INJ to challenge the $20 resistance, with further gains potentially reaching $25–$26 or even $30 if momentum accelerates [2].

Injective’s recent performance has been shaped by its retesting of key levels after a 40% rally since late June, which lifted the token from below $10 support. The cryptocurrency’s December high of $35.26 has been a distant memory, with the price retracing 60% of that gain and fluctuating within a $10–$15 range during the April-May recovery phase. However, a July breakout from a one-month downtrend allowed INJ to reclaim the $15 range high and briefly touch $16.35, a five-month peak [1]. Analyst Crypto Rand noted that surpassing $12 resistance would trigger a "bull reversal," pushing the price toward local highs [1].

Technical indicators highlight the asset’s potential for further gains. Analyst Ali Martinez identified an ascending triangle pattern formed since March, with $15 as a key resistance level. A successful breakout from this pattern could drive a 66% rally, though recent attempts have faltered, with the price retreating below $15 after failing to sustain momentum [2]. Meanwhile, market watcher Crypto Patel observed an inverse Head and Shoulders pattern, suggesting a 153% move toward $41 if the neckline at $16.20 is decisively breached. Confirming this would require a daily close and hold above $16.20, with initial targets at $26.36 and $34.32 [1].

Injective’s fundamentals have also gained attention, with the network recording 36,500 code commits over the past 365 days—3.2% ahead of other Layer-1 blockchains. This development has been cited as a catalyst for investor confidence, reinforcing the asset’s technical and on-chain strength [1]. However, risks remain. A decline below $12 support would invalidate bullish setups, potentially sending the price to the next support zone around $10. As of the latest data, INJ trades at $14.70, a 4.6% drop from its intraday high, underscoring the volatility of the breakout attempt [1].

The broader market context remains mixed, with Injective’s performance diverging from some of its peers. While the cryptocurrency has carved its own path, traders are advised to monitor volume metrics and on-chain activity for confirmation of sustained momentum. Analysts emphasize that consolidation above critical levels is essential for validating the bullish thesis, while a failure to hold these thresholds could trigger a reversal in the short term [2].

References:

[1] https://www.newsbtc.com/news/injective-targets-25-amid-crucial-breakout-attempt-new-highs-in-sight/

[2] https://www.tradingview.com/symbols/INJUSDT/ideas/?exchange=BINANCE