Injective ($INJ) Price Prediction for May 24: Bulls Push Above Key Fib Zone as $15 Eyed
After a powerful breakout from the $12.45 resistance zone, the Injective price today is trading around $14.60, registering an intraday gain of over 3.7%. This surge marks a strong continuation from last week’s bullish reversal, with momentum firmly on the side of the bulls as INJ clears major technical barriers and reclaims a key Fibonacci level.
While the current rally reflects renewed investor interest, the short-term outlook hinges on whether bulls can maintain control above this breakout threshold or if volatility will trigger a consolidation before any attempt at $15. The market structure now shows a continuation pattern, supported by a series of higher highs and higher lows, confirming a short-term trend reversal.
What’s Happening With Injective’s Price?
The Injective price action over the last 48 hours confirms a textbook breakout from the descending wedge seen on the daily chart. The move came with solid volume expansion, pushing price above the 0.236 Fib retracement level near $12.44 and slicing through $13.50 with ease. Price is now consolidating just under …
The post Injective ($INJ) Price Prediction for May 24: Bulls Push Above Key Fib Zone as $15 Eyed appeared first on Coin Edition.
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Injective ($INJ) Price Prediction for May 24: Bulls Push Above Key Fib Zone as $15 Eyed
After a powerful breakout from the $12.45 resistance zone, the Injective price today is trading around $14.60, registering an intraday gain of over 3.7%. This surge marks a strong continuation from last week’s bullish reversal, with momentum firmly on the side of the bulls as INJ clears major technical barriers and reclaims a key Fibonacci level.
While the current rally reflects renewed investor interest, the short-term outlook hinges on whether bulls can maintain control above this breakout threshold or if volatility will trigger a consolidation before any attempt at $15. The market structure now shows a continuation pattern, supported by a series of higher highs and higher lows, confirming a short-term trend reversal.
What’s Happening With Injective’s Price?
The Injective price action over the last 48 hours confirms a textbook breakout from the descending wedge seen on the daily chart. The move came with solid volume expansion, pushing price above the 0.236 Fib retracement level near $12.44 and slicing through $13.50 with ease. Price is now consolidating just under …
The post Injective ($INJ) Price Prediction for May 24: Bulls Push Above Key Fib Zone as $15 Eyed appeared first on Coin Edition.
Read More
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