Injective Price Prediction: INJ Breaks Out Toward $6.50
The post Injective Price Prediction: INJ Breaks Out Toward $6.50 appeared on BitcoinEthereumNews.com. Injective confirmed native USDC is live, giving the network direct access to Circle’s $77B stablecoin ecosystem. INJ cleared all four EMAs in a single session with MACD holding its bullish cross for the third consecutive week. Futures OI jumped 32.47% to $151.67M while shorts absorbed $441.74K in 24-hour liquidations against $302.74K for longs. Injective trades at $6.206 on May 29, breaking above every daily EMA in a single session after confirming native USDC is now live on the network, opening access to Circle’s regulated stablecoin liquidity for tokenized stocks and pre-IPO assets. INJ Daily Chart: Cup and Handle Breakout With All Four EMAs Now Below Price The daily chart has been building a textbook cup and handle formation since the December lows. The cup bottomed near $1.50 in early February and curved back up through March and April, with the handle consolidating between $3.50 a