- Lennaert Snyder identifies $10.15–$11.43 as his buy zone while monitoring 4H and daily structure for reversal confirmation.
- $12.42 is the first resistance to clear before price can revisit $14.72, a decisive short term breakout trigger.
- Analyst maintains his $8 position and adds more, citing strong revenues and consolidation as signs of potential continuation.
Injective’s recent decline into the $10.50–$11.50 band has become a focal point among market analysts monitoring potential accumulation. Lennaert Snyder described this zone as the “buy-the-dip” region, stating that $10.15–$11.43 remains his preferred range for possible long entries.
He added that he is watching Injective’s 4-hour and daily structure for signs of a reversal rather than entering prematurely. Price has already reacted within the highlighted demand band, producing lower wicks that suggest buyers continue absorbing sell pressure near $10.50. Notably, the area also aligns with prior weekly support, reinforcing its technical relevance.
Resistance Limits Immediate Upside
Above the current range, the first resistance level stands at $12.42, previously acting as support before flipping to resistance. A breakout above this region could unlock space toward $14.72, which capped Injective’s last rebound phase.
Until then, Snyder expects price to move sideways within $10.50–$12.42, forming a base rather than trending. However, any clean close below $10.50 could place $10.00–$9.50 back into play, forming a deeper test of structural levels.
Ongoing Strength Despite Pullback
Another analyst Crypto King on X said that his position from $8 is active. He referred to the current structure as “a good level of consolidation”, adding that “high chances of breakout happening anytime soon.”
He also stated that he is adding more at current levels, suggesting confidence in continuation. His post further emphasized that Injective’s revenues are currently rising sharply, adding a fundamental layer to the setup.
Short Term Structure Favors Consolidation
The broader pattern shows compressed movement after a decline from $15.00, indicating that sellers have lost momentum. Bulls appear to be defending the $11 territory, although upside has remained limited so far.
Price behavior continues to suggest pressure building between $10.50 and $12.42, forming a staging area rather than a finalized direction. If buyers reclaim $12.42 with conviction, higher targets may re-enter focus. Until then, traders remain split between range accumulation and deeper downside risk depending on the durability of current support.
