Injective (INJ) is currently trading at $13.61, having marked a 2.03% decline over the last 24 hours. Trading volume has decreased by 13.38% at $57.43 million, registering decreasing market activity. Against the previous seven days, INJ has slipped 3.69%, registering sustained bearish pressure in the short term.
According to crypto analyst Crypto TXG, INJ tried twice to break past the resistance level of $14.34 but couldn’t manage a breakout. Even so, the general short-term trend continues to be bullish. TXG points out that INJ needs to discover a trustworthy bottom at these levels in order to maintain its ascending momentum.
If successful, a breakout above $14.34 will unlock a transition towards the price zone of $17, while a rejection might compel the token back towards $13 support.
It highlights market volume and investor optimism in maintaining the trend. Market participants are observing buy-side vigor intensely so as to determine if INJ would be able to surpass its technical challenges.
Also Read | Injective (INJ) Poised for Breakout as Ascending Triangle Targets $26
According to DigitalCoinPrice projection that INJ can touch beyond $29.98 come year end, potentially crossing or even shattering its previous-all-time-high of $52.75, the platform foresees INJ could stabilize between $28.96 and $29.98 before recording another significant surge upwards.
On the other hand, Changelly illustrates a more conservative outlook. Their 2025 projections at least estimate a cost of $15.17, at most a cost of $16.89, and roughly an average trade price of $15.87, and a potential ROI of 22.9%.
Changelly estimates at most $16.37 in September of 2025, and potential drops into levels of $13.50. These reflect moderate sustained growth, and imply a conservative approach in regards to volatility of the market.
Even though near-term resistance stopped further increase, sentiment in general remains cautiously optimistic. Technicians observe that breaking through $14.34 is instrumental in restoring bullish optimism. Investors remain considering macroeconomic trends, regulations, and inter-sector trends of decentralized finance tokens.
Varying outlooks, conservative gains to lofty expectations, indicate cryptocurrency market volatility. All the same, Injective’s robust fundamentals and standing within decentralized trading infrastructure keep the asset in analysts’ eyes. For short- and long-term investors alike, INJ’s next steps around its region of resistance will chart its course ahead of entering 2025.
Also Read | Injective (INJ) price analysis: shows bullish breakout toward $18 targets
Also read: ‘These Fiat Arguments Regarding OP_RETURN Need to Go’ — Jimmy Song
