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<p>Injective’s native token INJ has captured the attention of crypto traders as it resumed its journey towards reclaiming its all-time high. According to renowned <a href="https://x.com/cryptofaibik/status/1798933235579466045?s=46" target="_blank" rel="noopener noreferrer nofollow">crypto analyst Captain Faibik,</a> a falling wedge breakout on the daily timeframe chart has been confirmed, signaling a potential rally to new record highs.</p>
<p>Captain Faibik’s chart analysis reveals that the price of INJ has been confined within a descending channel since the end of 2023. However, the token has successfully broken out of this pattern and has retested the resistance level, establishing a solid foundation for a major spike towards the top of the channel, which coincides with its all-time high of $52.7.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="489" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-1024x489.png" alt="" class="wp-image-505399" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-1024x489.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-300x143.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-766x366.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-1536x734.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-2048x978.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-314x150.png 314w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-733x350.png 733w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-278-788x376.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="technical-analysis-by-altfins">Technical Analysis by AltFINS</h2>
<p>Corroborating Captain Faibik’s findings, a trade setup analysis by AltFINS, a renowned crypto analytics platform, indicates mixed trends for INJ. While the price remains below the 200-day moving average of $31.70, a decisive break above this level and the $30 horizontal resistance could resume the token’s uptrend, unlocking a potential 30% upside to $40.</p>
<p>AltFINS’s analysis highlights that INJ is approaching resistance, a level where the price has historically faced rejection or has broken through prior support levels. Once the price breaks above this resistance, it can advance to the next resistance zone.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-1024x573.png" alt="" class="wp-image-505407" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-2048x1145.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-279.png 1940w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p><strong>Key Levels and Trends</strong></p>
<p>According to AltFINS, the short-term trend for INJ is bullish, while the medium-term trend remains neutral, and the long-term trend is strongly bearish. The token’s momentum indicators suggest that it is neither overbought nor oversold, based on the Relative Strength Index (RSI) levels between 30 and 70.</p>
<p>The nearest support zones for INJ are identified at $20.00 and $14.00, while the nearest resistance zones are at $30.00 and $40.00, respectively.</p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/injectives-inj-resumes-journey-to-all-time-high-after-breaking-crucial-resistance-key-levels-to-watch/" rel="noopener noreferrer nofollow">Injective’s INJ Resumes Journey to All-Time High After Breaking Crucial Resistance: Key Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Injective’s INJ Resumes Journey to All-Time High After Breaking Crucial Resistance: Key Levels to Watch

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