Injective ($INJ) Prepares for Potential Growth Surge as Consolidation Zone Approaches

Injective’s token ($INJ) has been consolidating within a robust support range between $6 and $9, forming the base for a potential upward trajectory. Breakout above $15 could unlock price targets of $30, $50, and $70, with Elliott Wave analysis predicting further expansion beyond $100. 2024 saw a peak near $50 before corrections, leading to strong support formation between $6-9 as an indicator of buying pressure. This structure suggests a wave 3 breakout is likely given the historical precedent.