Injective (INJ) fell sharply to $2.79 on October 10, 2025, losing over 77% in one day and has remained near this low since. A recent 9% rally and increased derivative market activity followed a network upgrade, but technical indicators show the overall momentum remains bearish. The token needs to break above $5.9 to signal a sustained recovery, but current gains are seen as a short-term bounce, with further declines likely in the coming months. Traders are advised to sell on rallies rather than buy into the bounce.

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Binance pauses INJ deposits for Injective's performance upgrade on July 2, 2026

Binance will temporarily halt deposits and withdrawals of INJ tokens on July 2, 2026, to support Injective's mainnet upgrade IIP-665, which focuses on performance and technical improvements. Trading will continue uninterrupted, ensuring holders maint...

Protocol Fundamentals

Bullish

4 days ago