Log in

Technical Analysis

Injective (INJ) price prediction today: Can it break $24.8 soon?

Published: Oct 31, 2024
0
Share:

Injective (INJ) shows strength above $19.87, with a bullish outlook toward $24.8 resistance. Will INJ break higher? Discover today’s key levels and analysis.

Post Feature Image

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


Overview

Injective (INJ) currently shows a strong technical setup in the three-day time frame, with a promising bullish outlook. INJ is holding steady above its 200 Exponential Moving Average (EMA), a significant support level, and has formed a double bottom structure, highlighted by two yellow dots. These indicators suggest a potential trend reversal and provide a solid base for upward movement.

Three-day time frame analysis

  1. Support at 200 EMA: INJ has established a solid base on the 200 EMA at $19.59, currently serving as robust support. INJ is trading just above this level at $19.87, bouncing off the 200 EMA-a positive signal on a larger time frame like the three-day chart.
  2. Double bottom formation: The double bottom pattern, marked by two yellow dots, is a promising indication of potential price reversal from previous lows. This setup typically signals strong buying interest, adding to the asset's bullish sentiment.
  3. Break of structure: INJ has recently broken its intermediary structure to the upside, marked by a blue line at $23. This break signals a positive trend shift, with the blue demand zone ranging from $17.32 to $15.6 providing a strong foundation. INJ tested this demand zone on October 24 at $17.31, followed by a substantial bounce, rising over 15% since.
  4. Resistance levels: The next resistance on the upside for Injective is $24.8. A break above this level would indicate a new higher high, opening up a potential path to $31.1 in the medium term if bullish momentum holds.
  5. Support levels: On the downside, the three-day demand zone from $17.32 to $15.6 offers strong support. This zone serves as a solid foundation, reinforcing Injective's price action in case of any pullback.
2. Injective 3-day chart highlighting support zone near 17.5 and resistance around 31, with double-bottom pattern indicating potential bounce.

Cryptonary's take

With Injective's solid structure in the three-day time frame and a clear upside structure break, the asset seems poised for a potential rally. The strong support at the 200 EMA and the double bottom formation further reinforce this outlook.

However, a sustained move above $24.8 is essential to confirm ongoing bullish momentum. As always, traders should monitor support zones closely for any retracement potential.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025