Key Takeaways:
Injective rose 5.36% to $5.51 in the past 24 hours after launching native USDC on its network, giving the protocol direct access to Circle's $77 billion regulated stablecoin ecosystem.
"Native USDC on Injective unlocks access to tokenized stocks and pre-IPO assets such as SpaceX, expanding the network's push into real-world asset tokenization," the Injective team said in an announcement on X.
The token touched an intraday high of $5.76 before settling near $5.51, with trading volume more than doubling to $379.12 million, according to CoinGecko data. Open interest fell 9.48% to $123.15 million, suggesting the rally was driven by spot demand rather than leveraged speculation.
The integration positions Injective to compete in one of crypto's fastest-growing narratives — tokenized real-world assets — as institutional interest shifts toward blockchain-based financial infrastructure. INJ now faces a critical resistance zone between $5.90 and $6.00, a level that has capped previous recovery attempts. A confirmed breakout above $6 could open the path toward $7.00 and then $8.00, while a rejection may trigger a pullback to support near $5.10, followed by the $4.95 to $4.30 demand zone.
The native USDC rollout allows Injective to support access to tokenized stocks, pre-IPO assets, and decentralized financial applications built on the network. Circle's compliant stablecoin infrastructure, valued at more than $77 billion in total supply, now flows directly into Injective's ecosystem without requiring wrapped or bridged versions of the stablecoin.
Derivatives data from Coinglass showed a measured reaction to the price move. Injective futures trading volume declined 12.56% to $379.12 million, while open interest dropped 9.48% to $123.15 million over the past 24 hours. Falling open interest during price appreciation typically points toward a healthier rally supported by spot demand rather than momentum fueled by leveraged speculation.
INJ has spent several weeks building momentum inside a broader accumulation phase after prolonged weakness earlier this year. The token continues respecting a rising support trendline, creating a sequence of higher lows that signals strengthening bullish pressure. The next move depends on whether bulls can reclaim the $6 breakout level and convert it into support.
This article is for informational purposes only and does not constitute investment advice.
