INJ/USD breaks out of a descending channel, retesting $7.8–$8 support, suggesting potential bullish continuation toward $9.5–$10.
Injective’s v1.17.0 upgrade, strategic partnerships, and community initiatives enhance ecosystem activity, strengthening long-term network growth and adoption potential.
Social engagement surges, and U.S. Treasury approval for staking in crypto ETPs expands institutional visibility and bolsters INJ’s market presence.
Injective (INJ) bullish momentum is targeting $10 following a breakout from its descending channel. Strong technical signals, key ecosystem updates, and growing community engagement are driving increased market attention.
Technical Price Action and Key Levels
INJ/USD previously moved within a persistent descending channel, marked by parallel lines, reflecting continuous selling pressure. Recent price action broke above the channel’s upper boundary, suggesting a potential change in market sentiment.
Traders are closely observing whether the retest at $7.8–$8 holds as support. The 12-hour chart shows a green dashed line at $8.07–$8.10, representing short-term support after the breakout.
Source Crypto Pulse Via X
If the price stabilizes above this level, bullish continuation may occur, potentially driving INJ toward $9.5–$10. Minor resistance near $9 aligns with historical price behavior.
Major supply zones exist between $11.50 and $12. Bulls need increased trading volume to overcome this area. Conversely, a failure to maintain support at $8 may trigger a decline toward $7, reflecting continued testing of lower support levels.
Recent Updates and Partnerships
Injective’s ecosystem has seen several updates, and new collaborations and partnerships like the one between Membit and Holder are bringing fresh integrations. These updates are aimed at reducing on-chain maker fee rebates, and a community buyback program is helping boost overall ecosystem activity.
Cryptocom and Pineapple Financial announced cooperation, and Pineapple Financial initiated a $100 million INJ treasury strategy.
Market Sentiment and Regulatory Developments
Social engagement around INJ has surged, with over 2,000 posts highlighting increased market attention. Injective’s Twitter confirmed that Binance will support its major mainnet upgrade, boosting visibility.
This trend indicates heightened community activity and potential short-term volatility. Regulatory news further supports the ecosystem. The U.S. Treasury and IRS have approved the inclusion of staking for digital assets in crypto ETP products.
This development directly benefits INJ-based ETP and ETF products, which offer staking rewards to holders. Overall, both technical charts and recent fundamental updates suggest that INJ is entering a phase of heightened interest.
Sustained price movement will depend on continued support at key levels and active participation across the ecosystem.
The post Injective (INJ) Eyes $10 After Bullish Breakout Driven by Key Ecosystem Updates appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
