Injective Surges 3.7% Breaking $12.45 Resistance

Injective ($INJ) has experienced a significant price surge, currently trading around $14.60, marking an intraday gain of over 3.7%. This rally follows a powerful breakout from the $12.45 resistance zone, indicating a strong continuation from last week’s bullish reversal. The momentum is firmly on the side of the bulls as INJ clears major technical barriers and reclaims a key Fibonacci level.

The current rally reflects renewed investor interest, with the short-term outlook hinging on whether bulls can maintain control above this breakout threshold. The market structure now shows a continuation pattern, supported by a series of higher highs and higher lows, confirming a short-term trend reversal. The Injective price action over the last 48 hours confirms a textbook breakout from the descending wedge seen on the daily chart. The move came with solid volume expansion, pushing the price above the 0.236 Fib retracement level near $12.44 and slicing through $13.50 with ease. The price is now consolidating just under the 100% retracement mark at $14.33.

On the 4-hour timeframe, the structure appears robust, with the price supported by rising EMAs and a well-respected trendline originating from the May 7 low near $8.50. The 20 EMA has just crossed above the 100 EMA, confirming a bullish realignment. The upside breakout aligns with strength across the altcoin market, particularly in the DeFi segment. INJ, which powers the Injective Protocol’s decentralized trading infrastructure, has been gaining investor interest amid rising on-chain activity and TVL metrics.

The price surge follows a successful retest of the 50% Fibonacci retracement zone at $10.33 earlier this month, setting the stage for a reversal. The RSI (Relative Strength Index) is trending upwards above 58 on the 30-minute chart, indicating sustained buying interest, while MACD maintains a bullish crossover with increasing histogram bars. Despite the current uptrend, the Injective price volatility remains elevated, with Bollinger Bands on the 4-hour chart widening sharply. This suggests that the market could witness rapid price changes in either direction, especially if INJ fails to hold above the critical $14.33 zone.

Ichimoku Cloud analysis on the 1-day and 30-minute charts shows the price trading well above the cloud, signaling clear bullish momentum. However, the Chande Momentum Oscillator has started to diverge downward from the price, hinting at early-stage exhaustion. That said, as long as bulls protect the $13.80–$14.00 zone, the broader bias remains tilted to the upside. If INJ can sustain above $14.33 on the daily close, the next Fibonacci projection lies between $16.00 and $16.60, a region last tested in early February. On the flip side, failure to hold above $13.80 could invite a corrective dip toward $12.80 and potentially the 20-day EMA around $12.10.

As of now, the Injective price update reflects a strong bullish structure backed by healthy volume, favorable indicator signals, and broader altcoin participation. A daily close above $14.90 will likely open the gates for further Injective price spikes toward $16. Still, traders should remain alert to short-term Injective price volatility around current levels as momentum cools. A break below $13.50 could signal a short-lived bull trap—but until then, bulls have the upper hand.