- Injective targets $33.34 and $50 after a bullish flag breakout, signaling strong momentum.
- Market sentiment remains bullish, with rising RSI, MA cross, and increasing Open Interest.
Injective [INJ] has made a significant breakout from its bullish flag pattern on the weekly timeframe, sparking renewed excitement among investors.
INJ was trading at $26.18, at press time. After gaining 12.42%, the cryptocurrency has set its sights on key resistance levels.
The question remains whether Injective can maintain its bullish momentum or succumb to resistance along the way.
INJ price analysis: A steady climb or resistance ahead?
The breakout from the descending channel highlights INJ’s potential for continued upward momentum. The first target at $33.34 serves as a critical resistance level. Surpassing this level could pave the way for a rally toward $50.
However, the token must maintain strong buying pressure to solidify its position above $33.34. As the market gains confidence, these resistance zones will test whether the rally can sustain itself or face retracement.
Source: TradingView
Injective address growth accelerates
Injective’s ecosystem is experiencing significant growth, with a 48.51% increase in new addresses and a 33.44% rise in active addresses over the past week. These metrics suggest heightened interest from new participants and increased engagement from existing users.
Additionally, this growth reflects strengthening fundamentals that could fuel further price action. However, sustained adoption will be key to ensuring long-term momentum.
Source: IntoTheBlock
Traders bet big on Injective’s upside
The liquidation data reinforces bullish sentiment, with $202.98K in short positions cleared compared to $121.67K in long liquidations. This indicates that traders are overwhelmingly betting on price increases.
Additionally, the liquidation trend aligns with the recent breakout, showing confidence in INJ’s upward potential. However, market volatility could still challenge traders aiming for higher price targets.
Source: Coinglass
RSI and Moving Averages support bulls
The relative strength index (RSI) on the weekly timeframe sits at 52.70, suggesting Injective has room to grow before reaching overbought conditions.
Additionally, the bullish Moving Average (MA) cross between the 9-period and 21-period lines provides further confirmation of a strengthening trend. Therefore, these indicators favor a continuation of the rally, assuming market conditions remain supportive.
Source: TradingView
Sentiment and Open Interest: Bullish outlook strengthens
The market sentiment is clearly optimistic, as Open Interest(OI) has surged by 13.38% to $195.42M. This indicates increased participation and confidence in INJ’s price trajectory.
Therefore, the combination of rising OI and strong technical indicators bolsters the case for a climb toward $50. However, traders must remain cautious of potential pullbacks along the way.
Source: Coinglass
Read Injective’s [INJ] Price Prediction 2025–2026
Conclusion: INJ is on track to hit $50
Injective’s breakout, supported by strong technical indicators and rising network activity, positions it well to clear $33.34 and aim for $50. With the current momentum, the bullish case for INJ remains strong.
The token appears likely to continue its climb to reach the $50 milestone, provided market conditions remain favorable.
