Injective Price Breakout Targets $10 Amid Rising TVL and Buyback Momentum

Injective (INJ) has entered a strong bullish phase after breaking out of its prolonged consolidation range. The token has flipped key resistance into support, strengthening its market structure.

The recent move marks a significant transition from summer consolidation into a stronger bullish structure. After clearing previous resistance, INJ has established higher trading levels, creating room for consolidation around the latest breakout zone.

According to TradingView chart analysis, technical indicators are pointing towards improved conditions over multiple timeframes. The token is presently trading higher than the 20-day, 50-day, 100-day, and 200-day exponential moving average levels, forming a perfect bullish trend setup.

The total value locked on Injective hit $13.7 million, marking an 18.3% increase in seven days and a 42.6% increase in the last 30 days.