Injective (INJ) Price Coils Below Key Resistance -- Is a Breakout to $6 Next?

Injective (INJ) price is testing a decisive phase after weeks of consolidation beneath the $5.55–$5.60 resistance zone, a level that has capped upside since June. The token has held a rising wedge structure, forming higher lows while buyers attempt to reclaim ground against recurring sell pressure. After rebounding from below $4.20 to around $5.38, INJ is now repeatedly challenging the overhead supply area. A daily close above $5.55–$5.60 would confirm a bullish breakout, targeting $6.08. If resistance continues to reject, consolidation may persist, with volume activity indicating support around $5.20–$5.30. Larger trendline support sits near $4.87–$4.77, with invalidation below $4.77 potentially opening a deeper pullback toward $3.98.