Injective (INJ), a DeFi-focused Layer 1 blockchain with a unified VM, is trading near $11.60, up approximately 5.4% in the past 24 hours. The price surge follows the successful launch of its unified EVM testnet, which has boosted investor sentiment and market confidence.
In this article, we will look at INJ Crypto next target along with technical analysis and latest news.
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INJ Crypto Next Target
- Current Price: $11.60
- 24h Price Change: +5.4%
- 24h Range: $10.81 – $12.07
- Market Cap: ~$1.14 billion
- 24h Trading Volume: ~$180 million
- Circulating Supply: ~100 million INJ
- Max Supply: 100 million INJ
Keep an eye on the breakout.👀
📈 Key Technical Indicators
- RSI (14): ~65 – Bullish, nearing overbought territory
- MACD: Bullish crossover – confirms upward momentum
- Support Levels: $10.80 and $11.00
- Resistance Levels: $12.10 and $13.00
- Trend: Bullish breakout after consolidation, gaining strength post-testnet launch
📰 Latest Injective News & Developments
- Unified EVM Testnet Live:
Injective launched its unified virtual machine testnet, enabling developers to deploy both Cosmos-native and EVM-compatible smart contracts on a single layer—enhancing interoperability and efficiency. - XRP Integration:
Injective now natively supports XRP, unlocking cross-chain DeFi use cases and expanding the Injective ecosystem. - Derivatives Market Growth:
Open interest in INJ derivatives reached a 30-day high of approximately $170 million, signaling rising trader activity and optimism. - Upcoming Roadmap Events:
The EVM mainnet launch is expected within weeks, followed by a major ecosystem gathering—Injective Summit—slated for late July.
👉 Short-Term Forecast: Bullish – potential move toward $13–$14
📉 Risk Level: Moderate – monitor resistance and upcoming mainnet developments
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