Injective Surges 12% Above $12.00 Mark, Bullish Momentum Builds

Injective has demonstrated significant strength in its recent trading activity, with the cryptocurrency firmly establishing itself above the $12.00 mark. This level, which was previously a resistance point, has now been flipped into confirmed support, indicating a strong buyer reaction and bullish momentum. The price has held steady above this zone, suggesting that traders are confident in the upward trajectory of Injective.

The market has shown robust demand between $11.00 and $11.50, acting as a reliable demand zone. This range has seen multiple sharp rebounds, with buyers stepping in with conviction. The strong buyer reaction in this zone has created a solid foundation for further price increases. With the structure intact, the price is now pushing toward the next resistance levels at $14.05 and $15.22, as momentum continues to build on the breakout.

Lennaert, a prominent analyst, has highlighted the $11.00 to $11.50 range as a dream for longs, noting that every touch on this green block has sparked a bounce with force. This behavior indicates clear intent from buyers who are defending the structure with conviction. The market's respect for this area shows that traders are emotionally invested and ready to step in with size during pullbacks.

Looking ahead, Lennaert has laid out two bold upside routes for Injective, targeting $14.05 and $15.22 as clean resistance levels. These areas marked major rejection zones in June, but the current momentum suggests that Injective is poised to break through these levels with more power behind the move. Both paths rely on either a continued hold above $12.00 or a second bounce from the $11.00 support zone, with traders closely watching these levels for further confirmation of the breakout.

Injective's recent gains are also attributed to its preparation for institutional adoption. Smart money is positioning early, and this energy is feeding into the price, adding to the bullish sentiment. As long as the $12.00 zone holds and buyers continue to step up near $11.00, this move has the potential to sustain its upward momentum. The overall setup is strong and full of intent, with Injective printing conviction in its price action.