INJ Price Holds $9.30 as Injective Unveils Onchain U.S. Stocks Access

• INJ’s future open interest drops despite strong price recovery signs.
• Tokenized U.S. equities are now tradable on Injective’s Helix exchange platform.

Injective (INJ) is showing renewed strength after bouncing off a key technical support at $9.30. Crypto analyst Crypto Tony reported that INJ has maintained a $9.30 support level on the weekly chart, despite recent selling pressure. 

According to his analysis, this price level previously acted as resistance in early 2023 before turning into support. The token’s quick recovery from a recent dip below $9.30 signals bullish sentiment among buyers. 

After testing resistance around $13.00 earlier in 2025, INJ failed to break higher and pulled back. However, buyers stepped in again as the price approached the critical $9.30 zone. Tony stated he is maintaining a long position above this level, citing its historical significance. Immediate resistance is now seen near $10.50, with a potential test of the $11.00 level if momentum continues.

Futures Interest Drops Despite Price Recovery

Data from CoinGlass shows that INJ’s future open interest has dropped sharply, even as the token’s spot price recovers. Open interest, which peaked at over $300 million in March 2025, has now fallen below $30 million. This marks a substantial decline in speculative activity, pointing to lower participation from derivatives traders.

At the same time, INJ has stabilized after hitting a low of $6.27. The disconnect between price action and futures activity suggests cautious sentiment among traders.

Analysts say the decline in open interest could reflect profit-taking or a shift toward spot trading. Until open interest aligns with rising prices, near-term market momentum remains uncertain.

Injective Expands Onchain Assets With U.S. Equities

Injective has launched onchain versions of leading U.S. stocks, including Apple, Microsoft, Amazon, and Netflix. The announcement was made during the Injective NYC Summit held on June 26. The new assets are available through the Helix exchange and are built using the iAsset framework.

These tokenized stocks join an expanding roster that already includes Meta, Nvidia, Alphabet, and Tesla. All are accessible globally and feature programmable features and deep liquidity. 

According to Injective, this launch lays the groundwork for a broader onchain financial system. The initiative allows users to access real-world assets directly through decentralized platforms, aligning with ongoing trends in DeFi.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.