Injective Protocol’s RWA Surge Fuels INJ Rally Toward $6.18 Target
Injective Protocol isn't just building another blockchain—it's building a bridge. The project is aggressively expanding into real-world assets, and its native token, INJ, is now eyeing a critical technical target at $6.18.
From DeFi to RWA: The Pivot
The move into real-world assets represents a strategic shift. It's about connecting crypto's liquidity and efficiency with the multi-trillion-dollar markets for things like commodities, stocks, and bonds. Injective is positioning itself as the infrastructure for that connection, bypassing traditional financial gatekeepers in the process.
The Technical Target
All this fundamental activity is translating into a clear technical signal. The $6.18 level stands as a key resistance point on the charts. A decisive break above it could signal the next leg up, drawing in momentum traders and validating the project's broader growth narrative.
This isn't just about lines on a chart, though. It's a test of whether the market values the protocol's push beyond pure speculation and into tangible utility—a concept that still gives some old-school financiers heartburn, bless their spreadsheet-loving hearts.
INJ Price Shows Recovery After Surpassing 20 & 50 EMA
Technically, the recent price rise above the 20 EMA and 50 EMA, currently around $4.79, reveals continued resistance from the 100 EMA and 200 EMA levels. Furthermore, the candlestick charts have been showing persistent recovery attempts from the lower levels and small corrections around the resistance of the 100 EMA.
Source: TradingView
The Relative Strength Index (RSI) is at 57.6, which indicates moderate buying momentum, which is neither overbought nor oversold. The overall technical outlook reveals cautious optimism, as there is a positive trend in the shorter term, while there is still resistance at 100 EMA and a bearish trend overall until breaking above 200 EMA. A breakout above $4.87 can be awaited for further bullish verification.
INJ Builds Momentum and Sets Eyes on $5.16–$6.18 Range
However, the crypto analyst, Vexe, highlighted that following a long bearish market period, INJ appears to be exhibiting signs of a possible trend reversal, thereby providing a compelling long entry for swing traders. Positions have been initiated at the current market price with the intention of dollar-cost averaging at $4.578. The stop loss is placed at $4.304.
Source: Vexe
The targets have been specified: $5.16 for short-term gains, $5.69 for midterm gains, and $6.18 for long-term gains. Analysts point out that there is a smooth pattern, with an easy risk-reward ratio and high upside potential. Since market analysts believe there might be a potential reversal, INJ might hold high potential in terms of gaining considerable profits if the momentum continues.
Also Read: Injective Price Surge Incoming: INJ Could Hit $48 Soon