INJ price analysis, cryptocurrency resistance levels, bullish market trends
$INJ keeps pushing against key $16.00 resistance.
Holding $13.63 support is needed to maintain the daily uptrend.
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If markets recover and momentum returns, I’m expecting INJ to break $16.00.
Breaking $16.00 triggers bullish continuation to $20.00 as 1st target. pic.twitter.com/genSXILiPp
— Lennaert Snyder (@LennaertSnyder) August 16, 2025
$INJ Keeps Pushing Against Key $16.00 Resistance
The cryptocurrency market is buzzing with excitement as $INJ (Injective Protocol) continues to challenge the crucial $16.00 resistance level. According to a recent tweet from Lennaert Snyder, this price point is pivotal for the coin’s upward trajectory. As traders and investors closely monitor these movements, it’s essential to understand the key support and resistance levels that could shape the future of $INJ.
Holding $13.63 Support
To maintain the daily uptrend, $INJ needs to hold the $13.63 support level. This is where the coin has found stability in recent trading sessions. If it can sustain this support, it will likely attract more buyers, pushing the price closer to the resistance at $16.00. The ability to hold this level is crucial for anyone looking to invest in $INJ, as it signals a strong foundational support for potential bullish momentum.
Market Recovery and Future Expectations
If the broader markets recover and momentum returns, many analysts, including Snyder, anticipate that $INJ will break through the $16.00 resistance. A successful breach of this level could trigger a bullish continuation, with the first target set at $20.00. This makes $INJ a compelling option for traders looking to capitalize on upward price movements in the coming weeks.
As we observe these developments closely, it’s clear that the cryptocurrency landscape is ever-evolving. By keeping an eye on crucial support and resistance levels, investors can make informed decisions regarding their investments in $INJ. For more insights, check out Snyder’s full analysis on Twitter.