INJ Is Holding $7.1 — The Next Break Could Reprice It
INJ is around $7.69, consolidating after the move from the $3.95 area to a recent $8.69 high.
The daily chart still holds above the $7.11–$7.20 support zone, although MACD momentum has cooled.
Fundamentally, the story is strengthening: native USDC is live, Kraken supports native USDC transfers on Injective, and INJ is now live on Solana.
Injective also says INJ is fully circulating with no future unlocks and uses ecosystem revenue for monthly buybacks/burns.
Entry: $7.20–$7.40
SL: $6.85
TP1: $8.69
TP2: $9.40
Invalidation: Daily close below $6.85
Derivatives are active, with roughly $153M OI versus $40M spot volume, so leverage remains a factor.
#INJ #injective
$INJ
INJ is around $7.69, consolidating after the move from the $3.95 area to a recent $8.69 high.
The daily chart still holds above the $7.11–$7.20 support zone, although MACD momentum has cooled.
Fundamentally, the story is strengthening: native USDC is live, Kraken supports native USDC transfers on Injective, and INJ is now live on Solana.
Injective also says INJ is fully circulating with no future unlocks and uses ecosystem revenue for monthly buybacks/burns.
Entry: $7.20–$7.40
SL: $6.85
TP1: $8.69
TP2: $9.40
Invalidation: Daily close below $6.85
Derivatives are active, with roughly $153M OI versus $40M spot volume, so leverage remains a factor.
#INJ #injective
$INJ
