Injective broke out of its horizontal range between $10.20 and $12.10, backed by increased volume and EMA/SMA bullish crossover confirmation.
Price is now consolidating above the $12.10 breakout zone, forming a healthy continuation pattern with strong trader interest and no aggressive exits.
On-chain data shows $124M net inflows over 90 days as $INJ outpaces Bitcoin and ranks in top 5 for TVL growth trends.
Injective ($INJ) has cleanly moved above its horizontal channel, with volume support and technical signals reinforcing continued bullish sentiment.
Breakout Above Channel Reinforces Bullish Structure
$INJ has also broken out of a multi-day horizontal consolidation range between $10.20 and $12.10. July 11 was the day the price initiated the move above the upper line of the channel, and the volume of traders trading $INJ increased during the breakout. An uptick in participation adds further confidence in the validity of the breakout.
Technical indicators have turned favorable following this move.The 9-day EMA is crossed above the 50-day SMA, which is positive momentum as well. As of writing, $INJ is at $12.73, and still maintains trading slightly above the breakout point as it varies.. This level now serves as an important support zone.
The price structure suggests that $INJ is forming a continuation pattern. The current consolidation above $12.10 could develop into a bull flag, setting the stage for a potential move higher.
Consolidation Phase Builds Case for Continuation
Market analysts note that the current pause in upward price action is constructive. Alpha Crypto Signal tweeted that $INJ is now consolidating above the breakout zone, with no signs of aggressive selling. This measured price action implies that market participants may be positioning for another upward push.
If the price pulls back into $12.10–$12.30 zone, it will most likely act as an area of possible interest for long entries. Traders will be analyzing volume closely to confirm an increase in demand for a long entry. The setup is still suitable above the breakout price, as long as price is staying strong.
With price trending above all major moving averages, the overall technical environment is bullish for now. The intra-day long targets are currently at $13.50 and $14.00 based off previous resistance zones.
On-Chain Metrics and Capital Flow Support Uptrend
Additional strength in $INJ is also evident from on-chain performance. According to Black Angel, Injective has recorded a net inflow of $124 million over the past 90 days. This data point suggests consistent capital movement into the asset.
Moreover, $INJ has outperformed Bitcoin by 10% during the same period and ranks among the top five assets in Total Value Locked (TVL) growth. As Injective reclaims the $12 mark, its upward trajectory remains supported by increased usage and ecosystem strength.
With strong technical positioning and positive capital metrics, Injective continues to attract trader interest across multiple fronts.
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