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Injective (INJ) price jumps 8% amid new institutional partnerships and ETF interest

Market News
16 Oct 2026
Crypto news
View Source
Bullish
Injective (INJ) price jumps 8% amid new institutional partnerships and ETF interest

Injective's token price surged over 8% on October 16, reaching $9.35, driven by increased trading volume and positive market sentiment from new institutional developments. Key factors include Gulf Labs joining as an institutional validator and ongoing interest in proposed INJ investment products like a staked ETF. Technical indicators show bullish momentum, though some short-term consolidation may occur near resistance levels around $9.50. If INJ sustains above this, targets near $10 and $10.50 could be next, while support lies near $8.50. These developments highlight Injective's growing institutional presence and potential for further price gains.

Injective's token price on Pluang is Rp167,686 as of Oct 16, 2026, 15:02 WIB, showing a strong 1-day gain of 29.58%. The market cap stands at Rp16.63 trillion with a 24-hour trading volume of Rp5.11 trillion. Despite a high sell order activity of 79%, typical holding time is 38 days, indicating steady investor interest.

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