Injective Protocol Consolidates Near $13, Breakout Towards $25 Eyed

Injective Protocol is currently trading near $13 with buyers defending support around $12. A key supply barrier lies at the $15-$16 range, which has repeatedly tested resistance levels, creating a sense of market uncertainty. 📈 Traders are anticipating volatility as open interest rises steadily and trading volume declines. 📉 If the price breaks above $14.50, a retest of the $16 region could follow. Conversely, falling below $12 could lead to a move towards $10. The chart shows tightening price action with anticipation of accumulation or distribution as a breakout looms. 🎯