Injective (INJ) has regained upward momentum after months of pressure, posting a 19.53% gain over the past 30 days. The token currently trades at $5.14, up 0.31% in the last 24 hours, with daily trading volume reaching $107.61 million. The recovery follows Coinbase's expansion of native support for INJ, a move that eliminates a key barrier for users moving assets directly on the Injective blockchain.
Coinbase integration removes friction for Injective users
Coinbase, the largest U.S. cryptocurrency exchange, has completed its migration from the ERC-20 version of INJ to the native Injective token. Customer balances were automatically converted on a one-to-one basis. This integration, powered by Injective's MultiVM Token Standard (MTS), allows users to deposit and withdraw INJ directly through the Injective blockchain, bypassing Ethereum-based transfers or external bridges.
The change simplifies fund movement between Coinbase and applications built on Injective, reducing liquidity fragmentation and streamlining the experience for both developers and traders. For Injective, the integration is significant because Coinbase serves a broad base of retail and institutional clients, increasing accessibility to the Injective ecosystem and lowering operational hurdles for users entering decentralized finance applications on the network.
This development aligns with broader trends in the crypto market, where exchanges are increasingly supporting native tokens to improve user experience. For context, Coinbase's expansion strategy has been a key driver of its recent growth.
Price momentum builds but resistance looms
INJ's technical picture has strengthened over recent weeks. The token has traded between $5.03 and $5.44 in the past 24 hours, after moving within a seven-day range of $4.87 to $5.48. A series of higher lows suggests buyers are defending key support levels as the token attempts to extend its recovery.
Beyond the monthly gain, INJ has advanced 11.7% over the past two weeks, indicating consistent buying pressure rather than a single volatile session. However, the longer-term view remains cautious: INJ is still 60% lower than it was one year ago, highlighting the extent of the previous decline that has yet to be reversed.
Key technical levels to watch
From a technical perspective, the primary support zone for INJ lies between $4.50 and $3.50. Holding above this region has allowed buyers to gradually regain control, establishing the higher-low structure seen in recent weeks. The next major resistance band sits between $5.671 and $6.996, where previous selling pressure has repeatedly capped upward movement.
A sustained move above that resistance zone would represent a notable shift in market structure and could open the path toward $8.20. For now, price remains below that band, and traders will monitor whether current momentum is sufficient to break through the next technical hurdle.
Investors may also want to consider how broader market dynamics, such as token unlock pressures affecting other projects, could influence sentiment across the crypto space.
This article is for informational purposes only and does not constitute financial advice.
