Injective: Launches CCTP with Native USDC

The dYdX Foundation celebrates the live deployment of Circle's Cross-Chain Transfer Protocol (CCTP) on Injective, marking a pivotal upgrade for native USDC in the Cosmos ecosystem. This integration taps into $77 billion in stablecoin liquidity, connecting over 20 blockchains to Injective's high-speed finance layer, positioning it as a powerhouse for seamless asset movement amid rising demand in decentralized finance.

Zooming into the macro-technical setup on INJ's 4-hour chart, price action holds firm at $3.86 within a bullish structure, hugging the EMA50 support at $3.73 while the EMA200 at $3.4 anchors longer-term upside conviction. Yet the MACD flashes a bearish death cross at 0.05, signaling potential exhaustion as RSI lingers neutral at 56.56—watch for confluence where price probes the upper Bollinger band resistance at $3.96, likely triggering a tactical pullback to the lower support at $3.63 before resuming the grind higher, especially with Cosmos stablecoin footprint expanding and viral trends like Bitcoin (BTC) hype spilling over into layer-1 plays.