Injective Consolidation Pattern Signals Potential Breakout Above $3.40

Injective (INJ) has been consolidating at $3.00 after a recent price correction, creating a textbook consolidation pattern that may be indicative of a bullish continuation move.

A popular cryptocurrency analyst, Dragon Knight, notes that the token's price action is showing signs of a bullish trend as sellers are running out of steam and buyers are stepping in.

The resistance levels at $3.15, $3.25, and $3.40 are critical, with a high-volume breakout above $3.40 expected to propel Injective upwards even more.