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Injective's Vulcan upgrade launches; INJ price dips but bulls eye key recovery levels.

Protocol Fundamentals
11 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Injective launched its Vulcan mainnet upgrade on June 9, aiming to improve perpetuals, stablecoins, and tokenization features. Following the announcement, INJ's price dropped 2.01% on the day and fell further by 7.14%, reflecting a typical "sell the news" reaction. Despite this short-term dip, technical analysis shows a potential bullish recovery, with key support levels between $3.72 and $5.04 and possible targets above $7.34. However, the overall longer-term trend remains bearish, and investors should remain cautious amid broader market weakness.

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