Injective (INJ) is the native token of the Injective Protocol, a fast PoS chain focused on DeFi, derivatives, and real-world asset (RWA) trading.
Recent data shows INJ price under pressure with bearish breaks below key moving averages and risk-off market sentiment dragging prices down.
A major governance upgrade (IIP-617) recently passed, accelerating token burns and reducing issuance — a structural deflation boost.
Analysts see potential short-term recovery targets if resistance levels break, but overall trend remains mixed due to broader market weakness.
DeFi and RWA adoption, fee-driven burns, and ecosystem growth are long-term positives, though volatility and technical challenges persist.
INJ
3.276
+17.12%