Injective broke a multi-month downtrend, triggering renewed bullish sentiment and price momentum.
Positive funding and whale orders confirm rising trader confidence and support for further gains.
Liquidation clusters near $13 could fuel a short squeeze or stall the rally.
The bears had their moment—now Injective’s INJ wants the spotlight. After months trapped in a downward channel, INJ has finally broken free. This breakout wasn’t subtle. It was loud, sudden, and impossible to ignore. With a 15% daily surge pushing the price to $12.73, bulls have flipped the narrative. Traders aren’t just watching from the sidelines anymore—they’re stepping in. With rising momentum, whale activity, and strong volume, INJ might be gearing up for something much bigger.
https://twitter.com/dennis_inj/status/1943275663265235396 Traders Flip Bullish as Key Resistance Levels Fall
Injective didn’t gently test the upper channel. It smashed through it. Since December 2024, descending resistance capped every bounce. Now that cap is gone, and with it, the bearish structure that held prices hostage. Bulls are eyeing new targets at $14.16 and $15.43, and this breakout cleared the path. This isn’t just about charts. The market mood has shifted. Funding rates now sit in positive territory, hovering at 0.01%.
More traders are willing to pay to hold long positions, a clear signal of belief in continued upside. Funding often trails behind price action. So when it flips positive right after a breakout, it reinforces the shift in sentiment. If these rates keep climbing gradually, the rally may grow stronger and steadier. Momentum becomes more sustainable, and sudden pullbacks become less likely.
Whales Step In While Volatility Brews Beneath the Surface
Large orders have started flowing into spot markets. These aren’t retail buys. The volume suggests institutional investors or whales are increasing their positions. When these big players act, they tend to do so with purpose. Their orders often carry weight, both literally and psychologically. Whale activity during a breakout often strengthens the move. It adds confidence to the trend. And right now, it’s happening during INJ’s breakout window. That’s no small detail. Their entry helps turn temporary rallies into longer trends. Meanwhile, the futures market is flashing another signal—heating up.
Expect sharp intraday swings. Whether up or down, the moves will likely be bigger. Increased speculation can amplify gains, but also widen the risk. Traders may want to stay alert as INJ gets more attention. The final piece of the puzzle lies in the liquidation heatmap. Binance shows clusters of short positions between $12.80 and $13.36. If INJ climbs above these levels, a chain reaction of liquidations could spark a short squeeze. This often results in rapid, aggressive price movement to the upside.
The range between $13 and $13.36 has become a pressure point. Break it, and INJ could fly. Fail, and the rally might stall. Momentum, sentiment, and whale activity favor the bulls—but resistance still stands. INJ’s breakout combines strong volume, positive funding, and growing investor confidence. The setup looks solid. But the real test lies ahead. Will this breakout lead to $14 and beyond, or fade under pressure?
