Injective's INJ Forms Bullish Double Bottom and Flag Patterns Near $14 Support Zone

Injective’s native token INJ has shown signs of significant technical structure formation, with price action consolidating around the $14 level and forming key patterns that may indicate a potential turning point in its price trajectory. As of the latest data, INJ is trading at $14.07, having formed a double bottom pattern just above a critical support at $13.27. This setup is reinforced by a completed rounded bottom and bull flag breakout, signaling extended accumulation and an attempted recovery [1].

The technical development began in March 2025, with a rounded bottom forming as INJ gradually recovered from lows near $10. This structure, typically associated with the end of prolonged downtrends, showed a slow but steady return of buyer interest. By late June, the price broke out of a descending channel known as a bull flag, a continuation pattern suggesting bulls are attempting to regain higher ground. The breakout was followed by upward movement through July, although INJ stalled near the $16 level, with the 24-hour range now forming between $13.14 and $14.62 [1].

Currently, the $14 level acts as a key support zone. Holding above $13.27 remains crucial, as a breakdown below this level could lead to further downside pressure toward $12.83 and $10.05. Conversely, a sustained move above $14.62 could trigger a retest of key resistance levels such as $19.77, $24.95, and $32.20—previous highs that have not yet been confirmed as breakout targets [1].

The double bottom formation near $14 adds another layer of significance to this price zone. In technical terms, this pattern often signals a potential reversal or continuation after a pullback. For a continuation to occur, INJ must remain above the support zone. The current price action suggests constructive movement, but a confirmed breakout—either to the upside or downside—is still pending.

Traders and analysts are closely monitoring the 13.27–14.62 range for a decisive move. A strong break above this level could attract further buying interest and potentially initiate a more sustained bullish trend. However, the market remains range-bound, and any near-term volatility should be expected. Investors are advised to use stop-loss strategies to manage risk in case of unexpected price swings [1].

The broader market environment has also shown bullish tendencies across other assets such as XRP and Bitcoin, suggesting a favorable macro trend for cryptocurrencies and equities [2][3]. This could provide additional tailwinds for INJ if the price continues its positive trajectory.

In summary, INJ’s recent price action around $14 and the formation of a double bottom and bull flag pattern indicate a key potential turning point. The outcome of the next price movement—whether a breakout or breakdown—will likely determine the direction of the asset in the coming weeks. Investors and traders are advised to stay alert for any significant developments that may shape the next phase of INJ’s price action.

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Source:

[1] https://www.facebook.com/photo.php?fbid=7342175****8120&set=a.130****63246274&type=3

[2] https://leapdigitalinvestments.com.au/

[3] https://cipherbuzz.com/sitemap/