based on materials from the site - By CoinsProbe
As Q3 begins, the crypto market continues its impressive Q2 rally. Ethereum (ETH) is leading the way, trading around $2,515 with a weekly gain of over 3%. Riding on this momentum, many altcoins are positioning themselves for potentially bigger moves — and Injective (INJ) is currently showing one of the most promising technical structures.
INJ has already gained more than 59% in the last 90 days. But beyond the numbers, what’s catching the eye right now is the striking fractal pattern that INJ is forming — one that was previously seen in Chainlink (LINK) before its explosive rally in late 2024.
Looking back at the 2024 LINK chart, it experienced a long downtrend that culminated in a clear head and shoulders top formation, followed by a multi-month consolidation phase. The defining moment came when LINK found strong support in the gray demand zone around $8.50 and then reclaimed both its 50- and 100-week moving averages. This confluence of signals triggered a massive 200%+ rally, eventually sending LINK soaring to $30.
Price action recently tested INJ’s own demand zone around $9 – an area that previously acted as strong support – and has since bounced back to a current price of $10.86. Similar to what LINK has done in the past, INJ’s price is now squeezing just below its 100-day moving average, which sits around $12.01. A decisive move above this level could be the breakout signal Injective needs to change its momentum from bearish to bullish.
What's Next for Injective (INJ)?
While technical setups don’t guarantee results, crypto markets have a strong tendency to repeat familiar fractals — especially when broader sentiment turns positive. If Injective follows a similar recovery path to Chainlink, a breakout above $12.01 could mark the start of a significant uptrend.
The next logical upside target is around $18, which represents a potential gain of 66% from current levels.
#MarketRebound , #Сryptomarketnews
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