The post ** Injective (INJ) Price Holds $12.68 Despite Mixed Signals as Ethernia Upgrade Boosts Developer Interest appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Aug 02, 2025 08:08

** INJ trades at $12.68 with neutral RSI at 45.00, testing crucial support near $12.20 while recent Ethernia upgrade and Cboe ETF filing provide bullish catalysts for potential breakout.

** Quick Take • INJ currently trading at $12.68 (-0.24% in 24h) • Injective’s RSI at neutral 45.00 with price testing lower Bollinger Band support • Ethernia Upgrade launches EVM compatibility while Cboe files for staked ETF What’s Driving Injective Price Today? The INJ price has shown resilience despite broader market uncertainty, largely supported by two significant developments in the past week. The most recent catalyst came from Injective’s Ethernia Upgrade launched on July 31st, which introduced robust Ethereum Virtual Machine (EVM) compatibility to the network. This technical enhancement positions Injective to attract Ethereum developers and applications, potentially expanding its ecosystem significantly. Adding to the positive sentiment, the Chicago Board Options Exchange (Cboe) filed for a staked ETF tied to Injective’s token on July 29th, triggering an immediate 5% price surge. This institutional interest represents a major validation of INJ’s long-term potential and could pave the way for broader institutional adoption. However, despite these positive developments, the INJ price has pulled back from recent highs, currently testing the critical support zone around $12.20 that analysts identified as crucial for maintaining bullish momentum. INJ Technical Analysis: Neutral Signals Emerge The Injective technical analysis reveals a mixed picture with the token positioned at a critical juncture. INJ’s RSI sits at 45.00, placing it in neutral territory and suggesting neither overbought nor oversold conditions. This neutral reading provides flexibility for price movement in either direction depending on market catalysts. Injective’s moving averages paint a complex picture, with the current price of $12.68 sitting below both the 7-day SMA at…

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Filed under: News - @ August 3, 2025 6:11 am