Injective (INJ) Price: Token Burn Done, Staking at All-Time High - What Comes Next for INJ?

TLDR

• INJ is trading around $5.09–$5.63, up 4.22% in 24 hours
• A 25,200 INJ token burn was completed in September’s Community Buyback
• Staked INJ tokens hit an all-time high of 58.8 million on-chain
• Trading volume surged 44.18% to $138.55 million; open interest rose 4.88% to $97.84 million
• Analysts are watching the $5.30 support level, with a potential path toward $80–$90 in a bullish cycle

Injective (INJ) has seen a pickup in price and market activity over the past week. The token climbed 4.22% in 24 hours and is holding above key short-term moving averages, with several on-chain and derivatives metrics supporting the improving picture.

INJ is currently trading around $5.09, with a market cap of approximately $509.92 million. The 24-hour trading volume stands at $56.91 million.

Looking at the chart, INJ dropped from near $7.00 in June to a low of around $3.95 in mid-August. Since then, it has recovered toward $6.00 before pulling back slightly. It is now sitting just above the 20-day moving average at $5.03.

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