Injective (INJ) Holds $12.20 Support, Eyes $15.39 Breakout for $20 Target

Generated by AI AgentCoin World
Friday, Aug 8, 2025 11:16 pm ET1min read
INJ
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Aime RobotAime Summary

- Injective (INJ) holds above $12.20 support, a historical bullish reversal catalyst, at $14.21.

- Analyst Lennaert Snyder notes INJ's "perfect" alignment with key technical levels, reinforcing upward bias.

- A sustained close above $15.39 could trigger a rally toward $20.00, attracting speculative/institutional capital.

- Failure to maintain $12.20 support risks a correction toward $10.00–$9.50, balancing breakout potential with retracement risks.

Injective (INJ) is currently trading at $14.21, maintaining its position above the critical $12.20 support level, which has historically served as a catalyst for

bullish
reversals [1]. This level has shown strong resilience, with the price action indicating that the market remains in a defensive posture. Holding above this threshold reinforces the asset’s positioning for an upward move, particularly toward the key resistance level at $15.39 [2].

Lennaert Snyder, a prominent market analyst, noted that the price action of INJ is “perfectly respecting the levels,” with the token demonstrating strong alignment with key technical zones [3]. The continued support at $12.20 suggests that the market has retained its upward bias, and any further strength could see the price reclaim the $15.39 range high. This level has repeatedly acted as a cap for bullish momentum since June and will need to be breached with conviction for the next phase of the move to unfold [4].

A breakout and sustained close above $15.39 would be a significant technical signal, likely triggering a rally toward the $20.00 resistance zone. This price level represents a major objective on Snyder’s chart and is seen as a potential turning point that could attract both speculative and institutional capital [5]. Reaching $20.00 would mark one of Injective’s most decisive rallies in recent months and indicate a broader shift in market sentiment.

On the downside, the failure to hold the $12.20 support could expose the price to a deeper correction toward the $10.00–$9.50 accumulation area. This range has historically acted as a prior base for accumulation, suggesting that the market may still be finding balance at lower levels if the upward momentum fails to materialize [6]. The strength of any potential recovery will depend heavily on volume during resistance reclaims and broader market conditions.

Injective has gained 9.06% in the past 24 hours and 9.83% over the past week, reflecting a positive short-term trend. However, investors must remain cautious as the market remains in a delicate balance between breakout potential and the risk of a retracement [7].

Source:

[1] [Injective (INJ) Holds $12.20 Support, Eyes Breakout Above $15.39 for $20 Target](https://coinmarketcap.com/community/articles/6896bacc712b3d7555bf4748/)