Will Injective (INJ) Price Retest Range Highs? Key Levels to Watch

Traders are watching Injective's price closely as it approaches its recent range highs. Moreover, technical analysis looks good, with crypto trader Seth weighing in on X: “Time for $INJ to retest range high.

Cryptocurrency trader Seth has shared his thoughts on Injective (INJ), anticipating a retest of the range high. Here's a closer look at the key levels and technical analysis.

Injective (INJ) price has been closely watched by traders as it approaches recent range highs. A recent analysis by a crypto trader, who goes by Seth on X, suggests that INJ is poised for a move toward the range high.

The technical analysis points to a favorable risk-to-reward setup for INJ, with potential for a strong move up. As per the analysis, if support holds and the price can sustain momentum, a move toward the range high could present significant upside potential compared to the downside risk.

Moreover, the analysis highlights the range low at $13.00–$14.00 as a solid support level, where INJ's price has found footing. On the upside, the range high around $25.30 is a key resistance point. Traders are watching whether the price can sustain momentum to test this level.

The chart also indicates a possible Elliott Wave formation. According to the projection, INJ's price action since December 2024 shows a consistent downtrend marked by lower highs and lower lows. However, February 2025 has shown signs of a potential reversal, as the price recently rebounded from the $13.00–$14.00 support zone.

The analysis identifies two Elliott Waves thus far, with Wave (1) signaling the beginning of an uptrend and Wave (2) being a corrective pullback. The projection suggests further upward momentum, with Wave (3) expected to show significant strength.

Injective (INJ) technical analysis by Seth on X: Time for $INJ to retest range high. Injective risk to reward here is sick. #Crypto

If you're interested in learning more about INJ and its price movements, check out the following articles:

-INJ May Drop 30% After Hitting Hidden Resistance

-INJ Price Prediction 2025: Will Injective Hit $50 This Year?

-The Complete Guide To Staking Injective (INJ) TokenᎻᎬᏞᏢᎬᎠ