$INJ has surged over 15% in the last 24 hours, and hardly anyone was talking about this coin. This is the kind of movement that happens before everyone catches on.
Injective was the top gainer of the day among all large-cap cryptocurrencies, with daily trading volume skyrocketing by 86% to over $283 million. The token has gained 40% over the last week and nearly 90% in the last month. You can clearly see on the candlestick chart: the price broke through a significant resistance that had been stuck since January 2026. Breakouts like this after months of consolidation tend to continue.
The deflationary tokenomics of Injective has been one of the key factors supporting the bullish narrative; the network automatically burns tokens with every transaction, continuously reducing the circulating supply. Less supply with exploding volume is a combination that seasoned traders quickly recognize. Moreover, pre-IPO actions coming on-chain via Injective are attracting a new type of investor to the ecosystem.
The daily RSI is already in overbought territory after the strong movement, which may indicate a pause or slight short-term correction before a new leg up. This means that entering now requires caution. But those already positioned have a real reason to smile today. Did you know about INJ before this movement, or did you miss out? Comment here ๐Ÿ‘‡๐Ÿ”ฅ