{"id":29440,"date":"2026-05-18T13:30:00","date_gmt":"2026-05-18T12:30:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=29440"},"modified":"2026-05-18T12:23:38","modified_gmt":"2026-05-18T11:23:38","slug":"kite-inj-ton-pengu-crypto-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/kite-inj-ton-pengu-crypto-analysis\/","title":{"rendered":"KITE and INJ soar, TON and PENGU plunge: Crypto market analysis"},"content":{"rendered":"\n

KITE and INJ: Two breakouts restoring market confidence<\/h2>\n\n\n\n

KITE<\/strong> led the weekly gains with an outstanding performance, trading in a range between $0.17<\/strong> and $0.21<\/strong>. This major technical breakout above key moving averages<\/strong> was fueled by heavy speculation on derivatives. The token displays a momentum dynamic<\/strong> rarely seen among small caps in the crypto market. If the $0.204<\/strong> support holds on the daily close, a fresh rally toward the local top of $0.23<\/strong> remains highly likely. Flipping the previous resistance into a new floor will be the decisive technical signal to watch.<\/p>\n\n\n\n

\"KITE\/USDT<\/figure>\n\n\n\n

Injective<\/strong> (INJ<\/strong>) has printed six consecutive green weekly candles<\/strong>, recording a +13.25%<\/strong> rally over the week. The token briefly broke the $5 psychological resistance<\/strong> before undergoing a 9%<\/strong> retracement over two days. This type of correction following a rapid upward move is standard and healthy in a bull run cycle. The price is currently consolidating in the $4.65 to $4.79<\/strong> zone, looking for a foothold before a new impulse. Defending the $4.62<\/strong> level is strictly required to keep the bullish structure intact.<\/p>\n\n\n\n

These two performances contrast sharply with the general gloom surrounding altcoins amid an uncertain macro environment. The ability of KITE<\/strong> and INJ<\/strong> to hold their gains despite the weakness of Bitcoin<\/a> demonstrates significant relative strength<\/strong>. Traders engaged in swing trading are monitoring these assets as leading indicators for a return of risk appetite in the market. The open interest on INJ futures remains high, confirming the commitment of speculative capital. These combined signals reinforce the thesis of a crypto bull run currently in consolidation.<\/p>\n\n\n\n

\n

$INJ<\/a> spent more than a year inside a full distribution structure

Every major rally was sold lower

That descending trendline tells the entire story

Momentum kept weakening

Buyers kept losing control

And eventually price collapsed into exhaustion

But exhaustion phases are\u2026
pic.twitter.com\/u0ge0xC4CP<\/a><\/p>— noncler (@nonclerr) May 17, 2026<\/a><\/blockquote>