Injective Price Coils Below Key Resistance Ahead of Potential Breakout

Injective (INJ) price has been consolidating beneath the $5.55, $5.60 resistance zone for several weeks, forming higher lows while struggling to break through overhead selling pressure.

The token's price structure is tightening, often a precursor to a significant move, as buyers gradually reclaim lost ground and resistance faces repeated tests.

Traders are watching whether INJ can finally secure a breakout toward $6.08 or face another rejection, with the immediate resistance lying between $5.55 and $5.60.