The Injective (INJ) has broken resistance, receiving confirmation for a retest, and is aiming for further growth above $12.88.

The price of Injective (INJ) confirmed a breakout from a long-term bearish channel and then successfully retested it around $12.50. At the time of the last update, INJ is trading at $12.88, having increased by 3.5% in the last 24 hours. The chart shows that the price confidently broke the upper trend line, retested the breakout level, and then moved higher. This configuration indicates sustained strength after nearly two months of base formation.

INJ is also holding above a key support zone located between $11.50 and $12.00. This zone served as an accumulation area during June and early July. The breakout of the descending wedge pattern became evident when the price closed above the upper resistance line.