INJ Eyes $12.20 Support – Bullish Setup Signals Potential 100% Rally Ahead

Injective Protocol's native token (INJ) is flashing bullish signals as it consolidates above a critical support level. Traders are watching the $12.20 zone like hawks—a springboard for what could become a full-blown breakout.

Technical patterns suggest INJ could double in value if bulls hold this line. The setup mirrors previous rallies where the token ripped through resistance like a hot knife through butter.

Of course, in crypto, 'critical support' is just institutional-speak for 'last stop before panic selling.' But for now, the charts are talking—and they're screaming upside.

Injective price prediction

INJ price action now appears to be heading toward the $12.10–$12.20 zone — a key resistance-turned-support level on the 4-hour chart that also aligns with the 50-day SMA on the daily timeframe. If selling pressure persists, INJ price could slide further to retest the ascending triangle’s lower trendline, with potential support around $11.20.

A decisive bounce from either the $12.10–$12.20 zone or the ascending triangle’s lower boundary near $11.20 WOULD keep the bullish structure intact and potentially set the stage for another breakout attempt.

If INJ price reclaims the 20-day EMA and manages to close above the $15.50–$16.00 horizontal resistance zone with strong volume, it could trigger a measured MOVE toward the $25 level — the estimated target based on the height of the triangle. However, a breakdown below $11.20 would invalidate the bullish setup and expose INJ price to deeper downside risk, possibly toward the $10 psychological level.