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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
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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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