Injective (INJ) Holds Above $13 as Bulls Eye $15.71 Resistance Target
Ted Hisokawa
Jul 24, 2025 18:32
INJ trades at $13.92 (+0.58% daily) with strong bullish momentum intact following recent 14% surge and technical breakout above key resistance levels.
Quick Take
• INJ currently trading at $13.92 (+0.58% in 24h)
• Injective’s RSI at 58.50 shows neutral momentum with room for upside
• Recent 14% surge and EVM testnet launch driving sustained bullish sentiment
What’s Driving Injective Price Today?
The INJ price has maintained its bullish trajectory following last week’s significant momentum surge. On July 22nd, Injective demonstrated remarkable resilience by holding near the $15 level after a powerful 14% breakout just two days prior. This sustained momentum represents a clear shift in market sentiment for the blockchain protocol.
The primary catalyst behind Injective’s recent performance stems from its July 20th technical breakout, where the INJ price decisively broke through multi-week downtrend resistance. This breakout was accompanied by substantial trading volume and immediately shifted the technical outlook from bearish to bullish across multiple timeframes.
Strategic partnerships have provided fundamental support to the price action. Injective’s collaborations with Google Cloud and Deutsche Telekom have strengthened institutional confidence in the protocol’s long-term viability. Additionally, the launch of Injective’s EVM testnet has expanded the platform’s technical capabilities, attracting developer interest and broadening its ecosystem appeal.
INJ Technical Analysis: Strong Bullish Signals Emerge
Injective technical analysis reveals multiple confirming bullish indicators across the daily timeframe. The most significant signal comes from Injective’s positioning above all major moving averages, with the current INJ price of $13.92 trading well above the SMA 20 at $12.83 and SMA 50 at $12.04.
The INJ RSI reading of 58.50 indicates healthy momentum without reaching overbought territory, suggesting additional upside potential remains available. This neutral RSI positioning is particularly encouraging as it shows the recent rally hasn’t exhausted buying pressure.
Injective’s MACD indicator displays strong bullish momentum with a positive histogram reading of 0.1324. The MACD line at 0.8363 sitting above the signal line at 0.7040 confirms the uptrend remains intact and suggests continued momentum in the near term.
The Bollinger Bands analysis shows INJ trading in the upper portion of the bands with a %B position of 0.6748. This positioning indicates sustained buying pressure while maintaining room for additional upside movement toward the upper band at $15.94.
Injective Price Levels: Key Support and Resistance
Based on current technical structure, Injective support levels are clearly defined with immediate support at $10.24 and stronger support at $8.95. These levels represent critical zones where buyers have historically stepped in during previous corrections.
The INJ resistance landscape shows immediate resistance at $15.71, which aligns with recent swing highs and represents the next logical target for bulls. A decisive break above this level could trigger accelerated momentum toward the Bollinger Band upper boundary near $15.94.
The pivot point analysis suggests $13.62 as a key decision level for short-term price action. INJ price action above this level supports continued bullish momentum, while a break below could signal temporary consolidation before the next leg higher.
Should You Buy INJ Now? Risk-Reward Analysis
For aggressive traders, the current INJ price setup offers attractive risk-reward dynamics based on Binance spot market data. Entry near current levels with stops below $12.83 (SMA 20) provides a reasonable risk framework while targeting the $15.71 resistance for potential 12-13% gains.
Conservative investors might consider waiting for a pullback toward Injective support levels around $12.83-$13.00 to establish positions with improved risk-reward ratios. This approach allows for tighter stop-loss placement while maintaining upside exposure to the bullish trend.
Swing traders should monitor the INJ/USDT pair closely for any break above $15.71 resistance, which could signal the beginning of a more substantial rally toward previous highs. Volume confirmation will be crucial for validating any breakout attempts.
Risk management remains paramount given cryptocurrency volatility. The daily ATR of $1.12 indicates significant price swings are normal for INJ, requiring appropriate position sizing and stop-loss discipline.
Conclusion
Injective maintains its bullish momentum with the INJ price holding above key technical levels and benefiting from positive fundamental developments. The combination of successful resistance breakouts, strategic partnerships, and healthy technical indicators suggests continued strength in the near term. Traders should watch for a potential test of $15.71 resistance over the next 24-48 hours, with any decisive break above this level likely triggering additional upside momentum toward the upper Bollinger Band near $16.
Image source: Shutterstock
