INJ Primed for Liftoff: Traders Watch as Key Support Defends $15.37 Breakout Zone

Injective (INJ) isn't asking for permission—it's carving its own path. The bulls just swatted away another test of support, and now all eyes are on that $15.37 level like Wall Street analysts staring at a Bloomberg terminal after three espresso shots.

The Setup: INJ's price action is tighter than a crypto VC's purse strings during a bear market. That key support level? Holding stronger than the 'diamond hands' mantra during a 50% correction.

The Target: Break $15.37 and we're looking at a chart that could moon faster than a shitcoin promoter deleting their Twitter history. Fail? Well, even stablecoins have bad days.

One thing's certain—this isn't your grandpa's slow-and-steady S&P 500 play. Welcome to crypto, where the technicals move faster than a hedge fund flipping its 'long-term investment' thesis.

• INJ trading at $12.76, down 8.62% over the past week.
• Analysts see a potential reversal if support at $12.50 holds.
• Mixed long-term forecasts hint at both cautious optimism and volatility.

Injective (INJ) is currently trading at $12.76, marking a 5.32% drop in the past 24 hours. Trading volume for the same period is reported at $176.99 million, a slight 0.24% decrease. Over the past seven days, INJ has declined by 8.62%, reflecting broader market uncertainty.

The digital asset is approaching a critical support level around $12.50, a zone closely watched by both traders and analysts. crypto expert Lennaert Snyder described the current price level as a “buy-the-dip” zone. 

According to Snyder, if INJ successfully holds above this support, it may rebound towards the upper resistance NEAR $15.37. However, unless INJ breaks above this resistance, the coin is expected to trade within its established range.

Also Read | Injective (INJ) Poised for Massive Breakout: Will It Hit $41 Soon?

Injective Price Prediction for 2025

Injective’s price forecast on platforms shows varying expectations of cautious Optimism and predicted increases. DigitalCoinPrice believes that INJ might cross the threshold of $28.09 within 2025. 

According to them, INJ might even retest the all-time high of $52.75, and the token is likely going to converge at around $27.13 and $28.09 within the next few months. The outlook of Changelly is more subdued. Their 2025 prediction puts the price of INJ anywhere between $14.56 and $16.15, with an average of $15.20. 

Changelly gives an estimate of a possible decline in August 2025 down to $12.96, with possible short-term peak at $15.70. The percentage return on investment ranges anywhere between 19% and 22.4%, subject to performance.

Short-Term Traders Eye Quick Gains

As the bottom boundaries of the recent trading range continue to be tested by INJ, attention remains on whether the token can find a solid foundation. A strong support at $12.50 could catalyze bullish action once more. All analysts concur that until at least a breakout at $15.37 is registered, Injective cannot break out of the range.

Sentiment is evenly split. Short-term traders watch for immediate gains, while long-term investors consider forecasts favoring moderate-to-high gains. Weeks ahead hold the key in determining the next MOVE of INJ.

Also Read | Injective (INJ) Price Analysis: Will Reclaiming $16.13 Spark a Surge to $25?