Injective (INJ), an altcoin that has been on a downward trend, may be poised for a reversal in its market trend. Despite falling by 11% in the last 7 days and trading at $25, INJ has flashed signs of a potential breakout on the charts. According to AMBCrypto's analysis, a breakout from the resistance level of $30 could lead to a price hike of 104%, reaching as high as $53.

While the patterns suggest a potential breakout, metrics also support the possibility of an uptrend. Santiment data reveals lower social volumes, indicating reduced public discussion on crypto, which can lead to a market shift. Additionally, Supply on Exchanges data shows a decline in exchange supply, suggesting a hike in buyers across the market, a finding associated with a bullish trend.

If the trend pans out as expected and INJ breaks out at the resistance level of around $30, bullish momentum will gather steam, leading to a potential price hike. However, it's important to note that trading, buying, or selling cryptocurrencies is a high-risk investment, and every reader is advised to do their own research before making any decisions.

In summary, INJ's short-term forecast looks promising, with potential breakout and price reversal on the horizon. However, it's crucial to keep an eye on market trends and metrics to make informed investment decisions.