This Chart Suggests a Potential 300% Spike for Injective (INJ) Price – Here’s Why

Injective (INJ) is starting to get attention in the crypto space, and there’s a technical setup behind it. Crypto expert Lucky suggests on X that INJ’s price could be getting ready for a strong upward move.

Cryptocurrency prices often move in trends and patterns that traders try to identify. One X user, named Lucky, is suggesting a potential scenario for a 300% spike in the Injective (INJ) token price.

This analysis is based on the technical breakout of a falling wedge, a chart pattern usually seen as bearish. However, the breakout in a key demand zone bodes well for the bulls.

Injective Price Could Be About to Triple

According to an X post by Lucky, the price of INJ might be getting ready for a strong upward move. There’s been growing momentum in the Injective ecosystem, and large investors (or “chads”) are showing more interest in the token.

If the chart pattern is unfolded, there’s a scenario where INJ might see its price triple from where it is now. The post reflects a rising sense of optimism among traders watching the token.

However, the outlook is still speculative. The analysis is based on clear chart patterns and historical price levels. As Injective continues expanding its ecosystem, many in the market are keeping an eye on how both the technical and on-chain activity develop.

Technical Breakout Identified on the INJ Price Chart

A recent daily chart of the INJ shows multiple bullish signals. The price of INJ appears to have exited a falling wedge formation, a pattern often associated with potential reversals.

This breakout has occurred in a key demand zone ranging between $8.14 and $10.41, which indicates strong buying interest at these levels. Another pattern noted on the chart is a rounded bottom, typically seen as a reversal structure.

Price action suggests a steady recovery with gradually higher lows. If momentum continues, the next resistance levels stand at $15.78 and $23.95. A sustained move beyond these levels could push Injective price toward the previous high of $34.16.

Market Participants Watch for Volume and Resistance Tests

Volume will likely play a central role in validating this technical breakout. Traders are watching for confirmation through follow-through price action. A failure to break above near-term resistance zones could lead to consolidation or a short-term retracement.

The chart outlines a projected path where INJ’s price gradually climbs past resistance levels before attempting a return to its previous highs. These targets are contingent on sustained market interest and broader crypto market conditions.

Social Sentiment Aligns with Injective Technical Patterns

The tweet by Lucky highlights ecosystem growth as a key factor behind INJ’s market behavior. It also mentions heavy interest from larger investors, often referred to as “big chads” in crypto slang.

The tweet aligns with the bullish chart outlook but ends with a disclaimer, urging followers to conduct their own research.

Social sentiment, along with technical structure, continues to be a focus for traders assessing Injective’s near-term price action. As the ecosystem grows and technical patterns play out, all eyes remain on how the asset performs across critical levels in the coming weeks.