Injective Price Action Hints at Imminent Breakout to $6

Injective (INJ) has been stuck below a key resistance level at $5.60 for several weeks, but the price action is now tightening in a way that could signal an imminent breakout.

The token's price structure is forming a classic ascending triangle or bullish wedge, which reflects growing buying pressure facing concentrated supply at the $5.55, $5.60 zone.

As this resistance level continues to be tested without breaking down, the probability of a bullish breakout increases.

A confirmed break above $5.60 would open the door toward $5.85, $6.00 and potentially even higher, depending on broader market conditions.