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INJ Price Breakout Signals Risk Toward $8 After Triangle Collapse

INJ Price Breakout Signals Risk Toward $8 After Triangle Collapse

CryptonewslandCryptonewsland2025/09/02 21:25
By:by Yusuf Islam
  • Injective has confirmed a breakdown from its ascending triangle with Fibonacci marks pointing toward $8.
  • The INJ chart shows $11.46 $10.52 and $9.51 as retracement zones before the token tests $8.29.
  • Market debate now centers on whether Injective can hold above $8 or if sellers will drive deeper losses.

Injective (INJ) has broken out from an ascending triangle, signaling potential downside toward $8 according to market chart analysis. The move highlights a shift in trend, with traders now watching key Fibonacci retracement levels for possible support.

Injective $INJ breakout confirmed from ascending triangle, eyeing $8! pic.twitter.com/X8xtYgFQxS

— Ali (@ali_charts) September 2, 2025

Breakout From Ascending Triangle

The chart shared on September 1, 2025, shows INJ trading at $12.49 after losing 1.56% in the last session. The price had formed an ascending triangle since March, with consistently higher lows meeting resistance near $17.

Technical patterns often guide traders in anticipating moves, and the confirmed breakout below trend support has increased attention. Market watchers note the clean break as textbook, raising discussions about whether INJ will stabilize or revisit lower zones.

The breakdown invalidated the previous bullish structure. Traders now assess downside potential using Fibonacci retracement levels, ranging from $11.46 at 0.382 to $8.29 at 0.786.

Fibonacci Levels Guide Potential Targets

The Fibonacci chart marks several levels between $13.33 at 0.236 and $8.29 at 0.786, offering possible areas for reaction. Analysts suggest that each level may provide temporary support, yet the trend remains vulnerable following the triangle failure.

The 0.5 retracement aligns at $10.52, a psychological mark where buying interest may appear. Below that, $9.51 at 0.618 represents another test. A deeper move toward $8.29 at 0.786 would confirm the bearish projection highlighted in the analysis.

The dotted lines on the chart reflect potential consolidation phases at these intervals. Such pauses are common when the price reacts to Fibonacci levels, allowing market participants to adjust exposure before continuation.

As one observer noted, Injective’s structure appears solid even during pullbacks. Yet the sequence of retracement marks leaves open the risk of testing lower values.

Market Reactions and Outlook

The post attracted significant engagement, with over 13,800 views and numerous comments debating the likely scenario. Some traders saw the breakout as a necessary reset, while others questioned whether $8 would hold.

At present levels, INJ sits near $12, already below its $13.33 retracement. The immediate pressure places the token between $11.46 and $10.52, where short-term decisions could define direction. A sustained failure to reclaim the broken trendline increases the odds of cascading toward deeper supports.

In discussions, some traders described the triangle break as clean and decisive. Others highlighted that even amid corrections, the broader project structure remains intact. Still, the pattern implies that volatility may expand in the coming sessions.

If the Fibonacci map unfolds as projected, traders could face a series of support tests down to $8.29. Such outcomes may influence long-term holders as well as short-term speculators.

With Injective ranked among notable assets in decentralized finance, the outcome of this move could shape sentiment across related markets. The confirmed breakout and layered Fibonacci path keep traders alert, balancing risk management with expectations of volatility.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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