• Analyst warns of potential downside as INJ breaks key support zone.
• MACD indicates a bullish crossover for INJ, while ADX suggests weak momentum.
• Coincodex predicts the altcoin to have an average annualized price of $12.83.

Crypto Analyst Ali Charts has pointed out a possible bearish configuration in Injective (INJ) as the altcoin has broken a key ascending triangle pattern, a formation that had been supporting the altcoin for months.

According to the chart shared on X, INJ’s breakdown may signal a continuation of its recent trend, with the next target being around the $9 level. This represents a significant decline from current levels at about $12.5, indicating an optional 25–30% correction if the move materializes.

Triangle breakdown normally indicates decreasing bullish momentum, particularly if it is accompanied by reduced trading volume. Technical investors generally take such a move as a transition from consolidation to bearish continuation.

Market Outlook: Tracking Trend, Resistance, and Support Levels

At press time, the altcoin is trading at $12.57, having increased by 0.07% over the last 24 hours.

The price is moving in a bearish trend and is currently testing a resistance level near $13.07. If it breaks above this, the next target could be $14.00. On the downside, the support level is around $12.38. If the altcoin falls below this level, we might see a drop towards $11.00.

The blue line indicates the resistance level at $13.07, while the yellow line represents the support level at $12.38.

Also Read: Injective (INJ) Approaches Major Resistance, Can Bulls Drive Price to $27.50?

Injective’s (INJ) MACD and ADX Momentum Check

The Moving Average Convergence Divergence (MACD) of INJ indicates a bullish crossover, suggesting that the price may continue to increase. The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.

The ADX value of 12.61 indicates sideways or weak momentum as it is below 20. It is currently experiencing low trend strength, with neither buyers nor sellers in firm control. The coin appears to be moving sideways, awaiting stronger momentum or a breakout to establish a clear direction.

Coincodex INJ Price Outlook

According to Coincodex’s current price prediction for the altcoin, the price is expected to drop by 2.28% and reach $ 12.25 by November 07, 2025. Based on the INJ forecast, it’s now a bad time to buy the altcoin.

With a negative market trend seen in September, INJ is expected to continue the trend in October. The predicted monthly trading range is between $ 12.18 and $ 13.42, with the average monthly value sitting at $ 12.75, which would be a  -6.03% decrease compared to the previous month. This could offer investors a potential return of 4.85%.

In 2025, Injective (INJ) is anticipated to change hands in a trading channel between $12.18 and $13.56, leading to an average annualized price of $12.83. This could result in a potential return on investment of 5.76% compared to the current rates.

In conclusion, Injective (INJ) may not breakdown to $9 as the analyst anticipated, according to the Coincodex data.

Also Read: Injective Gaining Momentum: Will the Symmetrical Triangle Propel It Above $26?