Injective Jumps 40%, Reaching Record Highs As Bulls Signal Further Growth

Injective’s price has soared by a remarkable 40% since early May, confirming a bullish trend in the crypto market. The token broke through prior resistance levels, establishing new support around $11.12, and an inverse head-and-shoulders pattern suggests further potential for upward movement. This pattern, which involves three distinct troughs leading to a breakout above the neckline, has produced a significant rally of 41.66%. The token is currently trading above previous resistance levels, acting as support, signaling positive momentum.