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Injective price jumps 12.89% breaking key $5.76 resistance on strong volume surge

Technical Signals
16 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

Injective (INJ) surged 12.89% to $5.93, breaking out of a week-long consolidation between $5.32 and $5.76. This breakout is backed by the strongest trading volume since a recent correction, signaling increased buyer demand. The next key resistance is near $6.06, and holding above $5.76 is crucial to maintain momentum and avoid falling back into consolidation. Investors will watch volume and price action closely to confirm if the recovery can continue beyond $6.06 or if a pullback is likely.

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