Injective (INJ) Price Eyes Breakout Toward $15 After Breaking Bearish Trend

Injective (INJ) is showing signs of a potential bullish trend reversal after breaking its previous lower-low structure. According to crypto analyst Moe, INJ may have established a bottom following its August decline and could reach $15 if the recovery continues.

The token has rebounded strongly from its August low near $3.95, recovering key technical levels and pushing above $5.90. This suggests that buyers are beginning to regain control after an extended period of weakness.

Technical indicators support the recovery, with the MACD line trading above its signal line in positive territory. However, the derivatives market sends mixed signals, with a decline in trading volume but an increase in open interest.