Injective Hits $15.48—DeFi Derivatives Fuel 14% Weekly Rally
📈 Injective (INJ) has surged 14.2% this week, breaking out of a multi-month descending channel and hitting $15.48, its highest level since early 2024. The rally is powered by the launch of Injective’s EVM testnet, enabling seamless Ethereum contract deployment, and a wave of whale accumulation.
💬 “This pump reeks of coordinated hype—but the fundamentals are real,” said BTCC analysts.
The newly formed Injective Council, featuring Google Cloud and Deutsche Telekom, is driving institutional adoption and real-world asset tokenization.
📊 Key metrics:
- INJ price: $15.48
- Weekly gain: +14.2%
- Daily active addresses: 82K (+1,700% YTD)
- Whale orders: surging across spot markets
- Resistance levels: $14.16 and $15.48 (now breached)
Why it matters:
✅ Injective is becoming a top-tier DeFi derivatives platform
✅ EVM compatibility opens doors for Ethereum-native dApps
✅ Institutional partnerships signal long-term confidence
🧠 Will INJ reclaim its $34 ATH—or stall as traders take profits?
👇 Are you building on Injective or trading its breakout momentum?
📌 Follow me for daily Injective updates and DeFi derivatives insights.
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