INJ Price Prediction: Injective Poised for Major Breakout, Eyes $28 Resistance

Injective is about to break out, with bullish momentum pushing INJ toward key resistance levels. Crypto researchers and traders have examined INJ's price activity and forecast a possible advance toward the $28 barrier level.

Cryptocurrency traders and enthusiasts are keeping a close watch on Injective (INJ) as it showcases bullish momentum and key resistance levels.

According to crypto researcher and trader Rekt Capital in his recent newsletter, INJ has been attempting to regain the $18.02 level for three weeks now.

In his analysis, Rekt Capital highlights a potential bullish divergence and an Ascending Triangle formation on the Relative Strength Index (RSI) for INJ.

"INJ would need to regain the $18.02 level as support to lend further credence to this technical predicament on the RSI and for the bull div to play out successfully over time." - Rekt Capital

Furthermore, Rekt Capital compares INJ's price action to that of Bitcoin, suggesting that INJ's success may be linked to Bitcoin's ability to clear its own resistance levels.

In addition to Rekt Capital's analysis, crypto trader Trade4ddict has shared their analysis on INJ, expressing optimism as the cryptocurrency recovers key support.

" $INJ is outperforming and looks like it just has started. We recovered well after we took out the previous low and reclaimed $17 support shortly afterwards." - Trade4ddict

Trade4ddict highlights INJ's breakout from a five-day price range, which was confirmed by the previous day's close, and anticipates further upside potential.

"Now we confirmed a breakout of 5 days price range with yesterday's close and I already opened a long. We should be on the way to $28 resistance next and could start to grind up afterward to ATH in October." - Trade4ddict

With recent price action and technical indicators aligning, many in the market are anticipating INJ to reach the $28 resistance level.