Injective

Internet Computer

Date: Tue, April 01, 2025 | 10:20 AM GMTThe cryptocurrency market has kicked off Q2 on a bullish note, with Ethereum (ETH) surging by near 5% today, marking a potential shift in momentum after a historically bearish Q1. ETH had declined by more than 44% over the last 90 days, dragging most <a href="https://coinsprobe.com/ton-and-eos-approach-key-ma-resistance-following-breakouts-will-the-uptrend-continue/" rel="noopener noreferrer nofollow">altcoins </a>to multi-month lows.However, today Internet Computer (ICP) and Injective (INJ) are showing signs of a potential rebound after facing heavy correction in first Q1. Both tokens have surged impressively, gaining over 7%, following their recent breakouts and successful retests.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a9ab5913081a400ab52f1beec34c1176.png" />Source: Coinmarketcap<h3 id="internet-computer-icp">Internet Computer (ICP)</h3>ICP recently broke out of a falling wedge pattern, which had kept its price in a prolonged downtrend. The breakout took place on March 22, when ICP surged past the wedge’s upper boundary, reaching a local high of $6.37.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/67c9b8c21a7d435c82958d653c0e8b27.png" />Internet Computer (ICP) Daily Chart/Coinsprobe (Source: Tradingview)However, last week’s broader market drop led ICP to pull back and retest its breakout trendline at $5.12. After successfully bouncing off this support, ICP is now trading at $5.49 and approaching its next key resistance at the 50-day moving average (MA) and the $7.25 price zone.A move above these levels could confirm a bullish continuation, potentially triggering a rally toward the 200-day MA and the $9.74 resistance zone—a 78% upside from the current price.<h3 id="injective-inj">Injective (INJ)</h3>Much like ICP, INJ also broke out of a falling wedge pattern, ending its weeks-long downtrend. The breakout occurred on March 23, when INJ surged past its resistance trendline, hitting a local high of $11.09.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7caccd2cde3b47a29e6dff8e746689c1.png" />Injective (INJ) Daily Chart/Coinsprobe (Source: Tradingview)However, the broader market downturn caused INJ to pull back for a breakout retest at $8.50. With a successful bounce, INJ is now trading around $9.10 and is approaching its next key resistance at the 50-day MA.If INJ manages to clear this level, it could confirm the beginning of a stronger recovery, potentially leading to its next major resistance at $19.81, followed by the 200-day MA.<h3 id="final-thoughts">Final Thoughts</h3>Both ICP and INJ have successfully retested their breakout levels, turning previous resistance into support—a classic bullish signal. If these tokens break above their key moving averages, a strong continuation rally could follow, paving the way for a significant recovery in the coming weeks.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/pepe-pepe-gains-momentum-with-key-breakout-retest-is-a-recovery-rally-ahead/" rel="noopener noreferrer nofollow">Pepe (PEPE) Gains Momentum With Key Breakout Retest: Is a Recovery Rally Ahead?</a>

Internet Computer (ICP) and Injective (INJ) Gain Momentum After Key Breakout Retest – Is a Recovery Ahead?

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