Injective (INJ) Holds Above $11 as CryptoBusy's Strategy Yields 60% Gains

Injective (INJ) has recently shown stability above the $11 mark after experiencing a pullback from its recent highs. This stability has garnered the attention of traders, especially those following the insights of veteran analyst CryptoBusy. CryptoBusy has been utilizing a simple, repeatable strategy with INJ that has resulted in multiple high-return trades. The current price action, which is holding key support and forming a wedge pattern, indicates another potential opportunity for traders.

On the 4-hour INJ chart, CryptoBusy has identified three long positions, all based on a similar setup where the price bounces off previous resistance zones that have now become support, combined with descending wedge formations. His latest entry was made right after a bounce near $10.75, with a target for a short-term move into the $11.20 to $11.30 range. This strategy has been consistently profitable, with previous long positions returning over 60% and 90%.

CryptoBusy focuses on just one or two coins, and INJ has been delivering consistently. He described the trades as “printing,” suggesting that this setup keeps working with clearly defined targets and stops. The current price action shows INJ trading around $11.20. The nearest support level is at $10.75, which aligns with a previous breakout retest. If this support fails, the next key level is $9.80, where the last leg of the upside began. The resistance range between $11.20 and $11.30 has historically served as a profit-taking zone during prior moves.

The chart also reveals a descending wedge pattern on the short-term timeframe. This type of setup, when supported by volume and structure, can indicate a reversal if the price breaks out to the upside. Market sentiment around INJ remains focused on structure-based execution. CryptoBusy’s series of trades suggests that the current price zone is attracting renewed attention. As long as support levels remain intact and the wedge formation holds, traders may continue to view the range as favorable for short-term positioning. This stability and the potential for another rally have traders optimistic about the future performance of INJ.