INJ and KAVA Approaches Falling Wedge Resistance – Could Breakout Spark a Recovery?

Date: Fri, March 14, 2025 | 12:38 PM GMT

The cryptocurrency market is showing signs of stabilization after facing a major downtrend since the late 2024 rallies. Top altcoins, including Injective (INJ) and Kava (KAVA), have suffered significant corrections over the last 90 days.

However, as the market stabilizes, both tokens are up over 4% (INJ) and 8% (KAVA) today, approaching key resistance levels within their respective falling wedge patterns. A potential breakout could signal the start of a strong recovery for both assets.

Injective (INJ)

A look at INJ’s daily chart reveals a falling wedge pattern, a bullish reversal setup that began after a rejection from the December 6th high of $35.25. The correction saw INJ drop over 76%, reaching a low of $8.18 on March 11.

Currently, INJ is trading at $9.78, climbing towards the upper resistance of the wedge. If the price successfully breaks out and retests this level, the next target could be the $15.6 resistance zone, aligning with the 50-day moving average.

A strong breakout above this level could push INJ toward the 200-day moving average and the $21.16 price zone, marking a potential 114% rally from current levels. The main resistance levels to watch are at $15.60 and $21.16, while key support remains at $8.18 and $7.50.

Kava (KAVA)

Much like INJ, KAVA has been trading inside a falling wedge for over a year. The recent downtrend pushed KAVA to a low of $0.38, where buyers started accumulating.

Currently, KAVA has bounced to $0.47 and is now approaching the wedge’s upper boundary. A breakout with a successful retest could see KAVA challenge its 100-day moving average and the $0.78 resistance zone.

If bullish momentum continues, KAVA could rally toward the $1.14 level, representing a potential 114% surge from current prices.

Could Breakout Spark a Recovery?

Both INJ and KAVA are at critical turning points, forming bullish falling wedge patterns on their respective charts. If they successfully break above their resistance levels and confirm a breakout with volume, they could see significant upside potential in the coming weeks.

The broader crypto market sentiment, Bitcoin’s price action, and macroeconomic factors will likely play a crucial role in determining whether these breakouts can lead to a full recovery.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before making any investment decisions.