Injective's $INJ token is gaining bullish momentum, breaking past a key resistance level at $16.50. Analysts predict a potential rise to $20, supported by an ascending triangle pattern. A breakout with volume could confirm the uptrend, with market conditions such as lower U.S. inflation and Injective's token burn mechanism favoring further gains. Traders are monitoring a possible retest of the $16.50 level as support and a higher low near $11.50 as crucial for trend validation.