Decoding Injective’s breakout: Can INJ bulls target $14 and beyond?
2025-07-12 01:03:05
Main Idea
Injective (INJ) has broken out of a multi-month bearish structure, with bulls targeting resistance zones at $14.16 and $15.43, supported by positive funding rates and large whale orders.
Key Points
1. INJ's price surged 15.26% to $12.73, invalidating its bearish structure and flipping near-term sentiment.
2. Funding Rates for INJ remained positive at 0.01%, indicating trader confidence in the ongoing rally.
3. Spot market data shows 'Big Whale Orders,' suggesting large players are increasing INJ positions, adding credibility to the bullish breakout.
4. INJ has entered the 'Heating' phase in derivatives, indicating potential sharp intraday moves and heightened speculative interest.
5. Liquidation clusters between $12.80 and $13.36 could trigger a short squeeze if INJ's price continues climbing, but failure to break past these zones may stall the rally.
Description
INJ’s breakout triggers bullish momentum, backed by whales, rising funding, and heating futures.
Latest News
- Hyperlane crypto’s 490% surge in 48 hours – Exchange listings, new highs, and more…2025-07-12 03:12:08
- Can Solana (SOL) hit $184 after FTX, Alameda unstake $31 million?2025-07-12 02:14:21
- Decoding Injective’s breakout: Can INJ bulls target $14 and beyond?2025-07-12 01:03:05
- Ethereum ETFs’ weekly netflows hit $703M, but is $4000 coming up next?2025-07-12 00:06:41
- SUI crosses $3.5 – Assessing if bulls can regain control2025-07-11 22:13:50