INJECTIVE (INJ) Technical Analysis – May 11, 2025
Injective has broken above the neckline of an inverse head-and-shoulders pattern, confirming a bullish reversal and signaling the continuation of an upward move. The next major resistance/target zone is between $14.77 and $20.29, aligning with the 100%–161.8% Fibonacci extensions.
Wave Structure Insight:
An ABC corrective rally is unfolding from the Wave 4 bottom.
Current action suggests Wave C of A is in progress, potentially targeting the $20.00 level, which also aligns with the head-and-shoulders target projection.
Key Levels:
Resistance/Targets: $14.77, $16.67, $16.80, and $20.29.
Immediate Support: If a short-term pullback occurs, support lies at $10.15, with major support at $7.47.
Strategy:
Entry (Breakout continuation): $13.80–$14.00
Short-Term Target: $16.80
Mid-Term Target: $20.00–$20.29
Stop-Loss: Close below $12.00 (below prior swing low)
This structure remains bullish as long as $7.47 holds, and any corrective B-wave dip into that zone could present a fresh long opportunity.
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