🚀Injective $INJ Technical Analysis – April 23, 2025
Current Price: $9.38
24H Change: +0.81%
24H Range: $8.38 – $9.47
📊Chart Patterns & Momentum:
Symmetrical Triangle Breakout: INJ recently broke out from a symmetrical triangle pattern, showing bullish momentum building after consolidation.
Falling Wedge Pattern: A classic bullish reversal pattern — if confirmed, this could lead to a strong upward move.
Support & Resistance Levels:
Support Zones: $12.80, $17.23, $19.11
Resistance Targets: $26.03, $30.97, $36.88
Indicators & Sentiment:
RSI: Currently at 39.22 — neutral, but leaning toward oversold.
50-Day SMA: $16.80
200-Day SMA: $21.30
(Both are still above the current price, showing mid-term bearish pressure.)
Market Sentiment: Still bearish, with 77% of indicators signaling caution — but early reversal signals are emerging.
2025 Outlook:
Short-Term: If momentum continues, INJ could retest $26–30 levels.
Long-Term: Analysts project INJ may reach $46–$56 by the end of 2025, assuming adoption and DeFi growth continue.
Conclusion:
INJ is flashing early signs of a bullish reversal. Patterns look promising, but the overall market remains cautious. Watch for breakout confirmation.