Injective Completes Inverse Head and Shoulders Pattern: Is $17 the Next Target?

Injective Completes Inverse Head and Shoulders Pattern: Is $17 the Next Target?
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INJ trades between $12.94 and $14.87 with a strong upward trend and 11.75% daily gain.
An inverse head and shoulders pattern has completed, with price holding above a reclaimed neckline.

Injective, a layer-one blockchain designed for decentralized finance (DeFi) applications, has seen its native token INJ signal market momentum. During the Asian trading session, the digital asset opened its market price with a value of $13.96, which has continued to surge, hinting at ongoing healthy price action.
Injective Current Market Movement Revealed
Tracking the current market trajectory as of press time, CoinMarketCap data indicates that Injective is priced at $14.48, gaining 11.75% in the past 24 hours. Market capitalization reached $1.44 billion, also up by 11.75%. Trading volume surged 37.49%, totaling $256.63 million within the same period, as the token’s fully diluted valuation stands at $1.44 billion.

Source: CoinMarketCap

Price action shows a steady climb from $12.97 t

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