Injective (INJ) Price Holds Strong Above $12.50 Support, Eyes Breakout Potential

The Injective (INJ) price continues to hold above crucial support around $12.50, indicating a strong defense by bullish traders. The price is positioned near the upper boundary of an ascending triangle pattern, with resistance at $15.70. Chart patterns suggest mounting pressure, potentially leading to a breakout if the resistance finally gives way. 📈 Analysts highlight this developing upward momentum, noting bullish divergence on daily charts and increasing institutional involvement through Pineapple Financial’s confirmed $100 million treasury.