Injective Approaches a Resistance Level – Could it Lead to a Breakout Rally?

The cryptocurrency market is experiencing a resurgence after a challenging first quarter. Ethereum (ETH), the second-largest crypto, has rebounded strongly this quarter and is trading above $2,600 for the first time in months, driven by strong bullish sentiment. This positive outlook isn’t limited to ETH; it’s also lifting other altcoins, including Injective (INJ). 67% growth over the past 60 days alone showcases strong interest in INJ. However, technical analysis suggests that the token might be on the verge of a major breakout.