- INJ traded near $5.64 as momentum recovered from July lows.
- Solana access expands through Sunrise and LayerZero OFT infrastructure.
- A close above $6.50 could expose $7 and then $8.
Injective price traded near $5.64 after gaining more than 4%, extending its recovery from July lows near $4.00. The INJ token is now available on Solana through Sunrise and LayerZero infrastructure. The expansion gives Solana users access to INJ across supported applications. Technical momentum remains constructive, although resistance between $6.00 and $6.50 still limits the rebound.
Injective Price Tests Resistance as Recovery Momentum Builds
The daily setup shows INJ peaked above $7.50 in early June before entering a steep decline. Price bottomed during July, then rebounded toward $6.50 in late August. A later pullback returned the token toward its current range.
RSI stands at 52.76, signalling neutral-to-slightly-bullish momentum after retreating from overbought territory. Immediate support sits between $5.00 and $5.20. A loss of $5.00 could expose $4.50.
Injective price needs a daily close above $6.50 to confirm further recovery. That move could first target $7.00 and then $8.00. Crypto Patel also identified longer-term levels at $15, $31, $53, and $100, but those remain speculative.
The analyst said INJ had risen 177% from his earlier accumulation zone. That performance is specific to his stated entry range, not the wider market. Reaching $100 would require gains exceeding 1,600% from current prices, highlighting the target’s long-term and highly uncertain nature.
Solana Expansion Broadens Injective Price Utility and Access
Injective said INJ is officially live on Solana, allowing users to access the asset through supported applications. Developers can also launch tokens paired with INJ.
Sunrise uses the LayerZero OFT standard and Value Transfer API for the expansion. This structure moves INJ across networks while preserving a unified asset format. It may reduce liquidity fragmentation between ecosystems.
LayerZero described Sunrise as infrastructure that brings external assets to Solana. The Solana integration could widen INJ trading routes and provide new uses as a paired asset.
Injective price still depends on technical confirmation rather than the integration alone. Holding $5.00-$5.20 keeps recovery intact, while $6.50 remains the decisive barrier. A breakout would place $8 in focus before higher targets become relevant.
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.
