- INJ’s breakout from a multi-month wedge sparked a massive 216% price surge in April 2025.
- Clifton FX identifies a $12.68 target post-breakout, projecting +33.91% gain from $9.47.
- Butterfly highlights a $30.27 peak following the breakout, driven by strong volume and retail momentum.
Injective Protocol (INJ) shattered a multi-month falling wedge pattern, launching a powerful 216% surge in just days. The breakout occurred mid-April 2025, reversing a seven-month downtrend and igniting high-volume bullish momentum. This aggressive move shifted market sentiment, unlocking a major opportunity for technical traders.
Breakout From 8-Month Compression Zone Unlocks $12.68 Target
INJ price action formed a classic falling wedge spanning August 2024 through April 2025. The pattern included over 160 daily candles of lower highs and lower lows, compressing volatility inside two clean trendlines. Price fell from a peak above $24.00 in December to a low near $7.50 in early April.
Clifton FX, a seasoned market analyst, provided a sharp technical breakdown of this setup using the 1D Binance chart. According to Clifton, the breakout took place at $9.47, breaking the upper wedge boundary with explosive momentum. He projected a measured move to $12.68, marking a potential gain of +33.91% from the breakout point.
Source: Clifton Fx
He emphasized the breakout zone’s alignment with March resistance, reinforcing the price target’s credibility. Clifton noted that bullish candles expanded rapidly following the breakout, showing conviction behind the move. Though the chart lacked volume bars, he inferred strong buying pressure from the candle size and structure.
He also observed that the wedge’s lower boundary acted as dynamic support with three major bounces since late 2024. The upper resistance line rejected at least five rally attempts before bulls finally pierced it in April. Clifton confirmed this breakout represents a technical reversal from compression to expansion.
Volume Surge and $30 Target Confirm Bullish Strength
Butterfly, another expert analyst, added fresh insights by presenting a sharper comparative view of the same wedge. He tracked INJ from late November 2024, charting a dramatic breakout above $10.00 that quickly reached $30.27, a +216% gain. His analysis showed this breakout candle as the largest bullish move since December highs.
Source: Butterfly
According to Butterfly, volume began rising days before the breakout, then spiked as the breakout candle printed. He identified three support touches on the lower trendline and repeated resistance rejections, confirming the wedge’s strength. Butterfly also confirmed bullish continuation using a volume histogram and green candle dominance.
He reported that this rally took just five sessions to achieve, powered by large inflows and retail-driven momentum. INJ price moved from a tight consolidation into a parabolic structure, reflecting renewed market interest. The volume profile, clean structure, and historical levels all aligned with a textbook breakout.
