Injective (INJ) has marked a minor rise of 6.48% in the last 24 hours, trading at $12.98, in contrast to the sharp fall in trading volume to $105.73 million, which is a 13.65% slip. In the last week, the coin has marked a 15.69% fall, showing continued market fluctuation.
Nevertheless, optimistic sentiment is gathering pace as a result of rising technical indicators as well as midterm price predictions.
Traders closely monitor the Inverted Head & Shoulders (H&S) pattern identified on the higher time frame (HTF) charts by well-known crypto analyst Crypto Patel. Being one of the most reliable reversal patterns, the pattern is currently forming with the neckline at $16.50.
Once breaking above this resistance, the breakout target is $37, which indicates the potential for a large upside.
The recommended accumulation zone is the area between $12.50 and $10.50, with the key invalidation point if the HTF breaks below $9.87. Until the breakoutis confirmed, price action in the vicinity of the neckline is suggested to monitor for indications of bullish confirmation.
Also Read | Injective (INJ) Price Analysis: Key Support Holds as Traders Eye $15.37 Breakout
Forecasts for the performance of Injective in 2025 are broad-based among the different market analysts. DigitalCoinPrice is optimistic, envisioning the future break to $28.56 by the end of 2025, with another bigger potential breakout of $52.75, should the markets perform accordingly.
Such predictions witness Injective smash the all-time high prior to the end of the year. Changelly’s technical prediction is more conservative in its outlook. For the year 2025, their indicators set the projected average price at $14.90, the minimum at $14.40, and the maximum at $15.83, providing for a modest return on investment (ROI) of 25%.
Interestingly, in August 2025, their prediction has INJ trading in the range of $12.43 to $15.40, anticipating an ROI of 21.6% at the high.
Although the weekly trend continued to trend lower, the latest price action of Injective, along with the probable pattern-based breakout, has again directed the spotlight of the investors towards the stock. $12.98 can also be the key support area within the big accumulation zone, while $16.50 neckline resistance is the most crucial technical barrier.
While the cryptocurrency space is in the middle of the summer volatility, Injective’s next direction could rest on whether bulls can propel it past the neckline resistance, a break that could confirm the bullish reversal hypothesis as well as bring back renewed buying potential.
Also Read | Injective (INJ) Price Analysis: Will Reclaiming $16.13 Spark a Surge to $25?