Injective (INJ) is trading at $6.46 after rising 6.49% in 24 hours, with renewed bullish momentum following a successful retest of key support. Analyst Rekt Capital noted INJ surged more than 50% since confirming its bullish structure. Technical indicators show strengthening buyer confidence, with RSI at 72.50 and a bullish MACD cross. Derivatives activity intensified, with volume up 68.22% and open interest rising 6.97%. Network staking reached an all-time high of 58.8 million INJ, reinforcing a positive market outlook.
Injective (INJ) is trading at $6.46 with a market capitalization of $646.3 million and 24-hour trading volume of $213.2 million, after surging 6.49% in the past day, according to CoinMarketCap.
Crypto analyst Rekt Capital stated that INJ strengthened its bullish structure after securing a monthly close above a key technical level. The successful retest transformed the zone into potential support, with INJ rising more than 50% since confirmation.
The technical setup points toward $13 as the next major upside objective if buyers maintain control. A stronger continuation could extend the rally toward $17, though market volatility remains a risk.
According to TradingView analysis, INJ shows a decisive bullish recovery following a mid-summer decline toward the $4.00 support level. The RSI 14 stands at 72.50, above the signal line at 55.97, while the MACD shows a bullish cross with increasing histogram bars, indicating elevated buying volumes.
Coinglass data shows trading volume increased by 68.22% to $574.8 million, while open interest rose 6.97% to $155.9 million. The figures point to active derivatives trading as market participants position for potential price fluctuations.
Injective reported an all-time high in staked supply, with more than 58.8 million INJ now staked on the blockchain. The milestone reflects growing participation in the network’s proof-of-stake system and reduces the liquid supply of tokens.
The upward movement is supported by broader crypto market strength as bitcoin’s price has begun moving upward. Near-term action depends on whether bulls can hold the support region and break resistance near $7, with high RSI levels potentially causing consolidation.
