Injective Protocol's native token, INJ, jumped 4.59% on Tuesday, climbing to $6.53 and clearing every major resistance level in its path. The move pushed the relative strength index into overbought territory at 75.24, a reading that often signals a short-term pullback — but technical models project a potential rally to $12 or higher within the next 30 days.
A clean sweep of resistance
The rally wasn't a grind. INJ powered through levels that had capped recent trading, with volume picking up as price action accelerated. Traders watching the charts noted that the token cleared its 50-day, 100-day, and 200-day moving averages in a single session — an occurrence that typically attracts momentum buyers.
While the RSI reading of 75.24 sits firmly in overbought zone, the indicator has room to run before hitting the extreme 80-plus levels that historically precede sharper corrections. In past cycles, INJ has held above 70 for days during sustained uptrends, so the current number alone doesn't guarantee an immediate reversal.
What the indicators point to
Beyond the RSI, the moving average convergence divergence (MACD) histogram turned positive earlier this week, confirming the shift in short-term momentum. Volume profiles show accumulation rather than distribution, meaning buyers have been more aggressive than sellers during the breakout.
The $12 target implied by technical patterns is roughly an 84% gain from Tuesday's close. That kind of projection relies on a continuation of the current trajectory — the token would need to hold above the $6 area and build a new support base before attempting the next leg higher.
On the downside, a failure to sustain gains could see INJ retest the $5.80 region, where prior resistance turned support. A deeper pullback toward $5.40 would put the breakout thesis in question, but as of now the bulls remain in control.
The 30-day horizon
Technical analysts who follow Injective Protocol's token closely are watching the next few sessions for confirmation. If INJ can close above $6.60 on sustained volume, the path toward $8.50 opens up as an intermediate target, with the $12 zone coming into play if momentum continues.
The clock is ticking: the 30-day window for that $12 projection started Tuesday. Every day the token stays above its breakout level increases the odds of reaching the target. Should the RSI climb into the 80s without a significant advance, however, that would signal exhaustion rather than strength.
For now, the breakout is intact. The next real test will be whether INJ can hold its gains into the weekly close.
