{"id":6476,"date":"2025-08-01T09:23:06","date_gmt":"2025-08-01T09:23:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/inj-price-targets-12-20-support-in-bullish-setup-before-a-potential-100-breakout-rally\/"},"modified":"2025-08-01T09:23:09","modified_gmt":"2025-08-01T09:23:09","slug":"inj-price-targets-12-20-support-in-bullish-setup-before-a-potential-100-breakout-rally","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/inj-price-targets-12-20-support-in-bullish-setup-before-a-potential-100-breakout-rally\/","title":{"rendered":"INJ price targets $12.20 support in bullish setup before a potential 100% breakout rally"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">INJ price is approaching key support near $12.20, presenting a potential buy-the-dip opportunity with technicals pointing to a possible 105% breakout toward $25.<\/p>\n<div id=\"cn-block-summary-block_1e0194c02bc695e53b38b3229efb1e44\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>INJ price has pulled back nearly 20% from its recent $16.35 high, now nearing the $12.20 support zone.<\/li>\n<li>The $12.10\u2013$12.20 area aligns with the 50-day SMA and prior resistance, now acting as support.<\/li>\n<li>A confirmed bounce and breakout above $16.00 could trigger a measured move targeting $25 \u2014 a 105% gain from current levels.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Injective (INJ) price recently attempted a breakout from an ascending triangle pattern, briefly spiking to $16.35 on July 28 before losing momentum and pulling back approximately 20% to $12.80, slipping below the 20-day EMA. <\/p>\n<p>This decline came despite several bullish fundamental developments, including the successful internal deployment of Injective\u2019s EVM testnet, tokenizing of SharpLink Gaming\u2019s $1 billion Ethereum (ETH) treasury, and a recent CBOE filing to list a staked Injective ETF from Canary Capital. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The CBOE has filed to list the Canary <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$INJ<\/a> Staked ETF in the U.S.<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/CBOE?ref_src=twsrc%5Etfw\" target=\"_blank\">@CBOE<\/a> is the largest options exchange in the United States of America.<\/p>\n<p>Injective&#8217;s institutional adoption is accelerating like never before. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/kWaDE1S1B0\" target=\"_blank\">pic.twitter.com\/kWaDE1S1B0<\/a><\/p>\n<p>\u2014 Injective \ud83e\udd77 (@injective) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/injective\/status\/1950236609334620249?ref_src=twsrc%5Etfw\" target=\"_blank\">July 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Injective price prediction<\/h2>\n<p>INJ price action now appears to be heading toward the $12.10\u2013$12.20 zone \u2014 a key resistance-turned-support level on the 4-hour chart that also aligns with the 50-day SMA on the daily timeframe. If selling pressure persists, INJ price could slide further to retest the ascending triangle\u2019s lower trendline, with potential support around $11.20.<\/p>\n<p>A decisive bounce from either the $12.10\u2013$12.20 zone or the ascending triangle\u2019s lower boundary near $11.20 would keep the bullish structure intact and potentially set the stage for another breakout attempt. <\/p>\n<p>If INJ price reclaims the 20-day EMA and manages to close above the $15.50\u2013$16.00 horizontal resistance zone with strong volume, it could trigger a measured move toward the $25 level \u2014 the estimated target based on the height of the triangle. However, a breakdown below $11.20 would invalidate the bullish setup and expose INJ price to deeper downside risk, possibly toward the $10 psychological level.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14401913\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3AINJUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INJ price is approaching key support near $12.20, presenting a potential buy-the-dip opportunity with technicals pointing to a possible 105% breakout toward $25. Summary INJ price has pulled back nearly&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6476"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6476\/revisions"}],"predecessor-version":[{"id":6477,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6476\/revisions\/6477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5765"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}