The price of the token INJ is showing signs of recovery, nearing a key resistance level at $10. This is attracting trader attention as they anticipate further changes.
Injective Price Structure and Trends
The weekly chart indicates that INJ is attempting to break free from a long-term downward trend. Recent candles suggest a break above the descending trendline, potentially marking the end of an extended bearish phase.
INJ Price Support and Resistance Levels
Historical price activity highlights key support and resistance levels. The $6.00 to $6.20 area served as a reliable support zone, while $10 remains the most immediate resistance.
INJ Price Outlook and Risk Levels
If INJ confirms a breakout above $10, targets could include $12 and $14. However, failure to hold this level may lead to a retracement to $8 or even the $6 support.
Monitoring price actions around the $10 level may be a key factor in determining further INJ trends. A potential breakout could set off a bullish scenario.
