I just added to my position at $INJ , making it larger than before.
On the charts, the price has risen by more than 10% in just over a day, and has reached the previous high-volume trading zone—the strongest layer of resistance just below the round-number level. The short-term rally has been too sharp, so chasing it here would mean paying a high price. If the broader market wobbles, a pullback could come quickly. But the medium-term structure is still intact: the lows are moving higher, and if the price can regain its footing after a pullback, the trend remains on track.
As for the narrative, this chain has consistently been about bringing stablecoins and institutional capital on-chain to power financial services. Today’s news about expanding stablecoin adoption fits squarely into the most tangible part of that story, reinforcing it rather than undermining it, and giving short-term sentiment a welcome boost. But this narrative is still in the early stages of being revisited and gradually gaining momentum; it hasn’t reached the point where everyone is talking about it. Capital has only partly bought in, so rallies are likely to be choppy rather than straight up.
From here, the key is whether it can break above and hold the $10 round-number level. That’s what would truly validate this round of adding to my position.
On the charts, the price has risen by more than 10% in just over a day, and has reached the previous high-volume trading zone—the strongest layer of resistance just below the round-number level. The short-term rally has been too sharp, so chasing it here would mean paying a high price. If the broader market wobbles, a pullback could come quickly. But the medium-term structure is still intact: the lows are moving higher, and if the price can regain its footing after a pullback, the trend remains on track.
As for the narrative, this chain has consistently been about bringing stablecoins and institutional capital on-chain to power financial services. Today’s news about expanding stablecoin adoption fits squarely into the most tangible part of that story, reinforcing it rather than undermining it, and giving short-term sentiment a welcome boost. But this narrative is still in the early stages of being revisited and gradually gaining momentum; it hasn’t reached the point where everyone is talking about it. Capital has only partly bought in, so rallies are likely to be choppy rather than straight up.
From here, the key is whether it can break above and hold the $10 round-number level. That’s what would truly validate this round of adding to my position.
