Injective (INJ) overcame a prolonged downtrend by breaking the key $6.29 resistance level, signaling renewed buyer confidence after a low near $2.61. Despite a recent 5% pullback as short-term holders took profits and Bitcoin corrected, the RSI near 69 indicates momentum still favors buyers. Strong trading volume and a 7.82% rise in total value locked (TVL) to $12.81 million support the breakout's strength. The next critical test is whether buyers can defend the $6.29-$6.40 zone; holding this support could lead to a rally toward $7.80 and $8.90, while failure may prompt a retracement to the $5.80-$6.00 demand zone.
Injective has introduced the Vulcan mainnet upgrade proposal, now live for INJ stakers to vote on. This upgrade aims to improve execution efficiency, enhance on-chain modules, and refine INJ token buyback mechanics tied to network activity, potential...
Space ID (ID) token saw a sharp price increase on South Korea's Upbit exchange, rising about 7.9% to 64.2 won amid a 300% surge in trading volume, reaching roughly 209 billion won ($152 million). The token topped Upbit's 'fear and greed' index with a...
