Injective Price Surges 20% Into Potential Double-Top Zone

6 days ago 4

Rommie Analytics

Key Takeaways

  • INJ gained about 20% in 24 hours.
  • Most weekly progress arrived in one session.
  • Solana access created a fresh project catalyst.
  • Futures turnover ran well above spot activity.
  • A double top remains only a possibility.

INJ returns to the level that ended its May rally

Injective traded near $7.11 on September 19 after rising approximately 20% over 24 hours and 21% over seven days, according to CoinMarketCap data. Its market capitalization reached roughly $710 million.

The similarity between the two performance figures shows that most of the weekly gain arrived during the latest session. Rather than completing a gradual seven-day advance, INJ moved rapidly from the mid-$5 range and approached its highest price since late May.

On the Coinbase INJ/USD daily chart, the rally reached approximately $7.1...

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