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Injective (INJ) Gains Momentum with EVM Testnet, Institutional ETF Filing, and Strategic Partnerships - Blockchain.News

Injective (INJ) Gains Momentum with EVM Testnet, Institutional ETF Filing, and Strategic Partnerships

Ted Hisokawa Jul 15, 2025 04:07

Injective (INJ) pushes forward with bullish developments, including an EVM testnet launch, institutional ETF filing, and regulatory collaboration, signaling long-term growth prospects.

Injective (INJ) Gains Momentum with EVM Testnet, Institutional ETF Filing, and Strategic Partnerships

Executive Summary

Injective (INJ) has been at the center of significant developments that position it as a leader in decentralized finance (DeFi). Over the past week, Injective made headlines with its filing for an INJ Staked ETF, the launch of its EVM-compatible testnet, and strategic partnerships with major players like Google Cloud and Deutsche Telekom. These events have driven bullish sentiment, despite a broader market downturn. Currently trading at $12.06, Injective's price action reflects mixed signals, but its long-term outlook remains positive due to technical upgrades, institutional adoption efforts, and increasing utility.


Recent Market Developments

  1. INJ Staked ETF Filing for Institutional Adoption
    On July 14, Injective filed for an INJ Staked ETF, aiming to bring staking rewards to institutional investors in a regulated framework. This groundbreaking step bridges traditional finance and DeFi, potentially unlocking a new wave of institutional capital. The ETF filing underscores Injective’s commitment to expanding institutional adoption, which could stabilize and increase demand for INJ in the long run.

  2. Regulatory Collaboration with the SEC
    Injective’s proactive engagement with the SEC to shape onchain finance regulations marks a rare collaborative approach in the crypto industry. By advocating for regulatory clarity and a safe harbor for protocol development, Injective is setting a precedent for the DeFi sector. This move reinforces investor confidence, boosting INJ’s reputation as a compliant and forward-thinking project.

  3. EVM Testnet and Strategic Partnerships
    Injective launched its EVM-compatible testnet, enhancing interoperability with Ethereum-based assets and paving the way for real-world asset (RWA) tokenization. Strategic partnerships with Google Cloud and Deutsche Telekom further solidify its technological edge. These developments have contributed to a 15% price rally, signaling strong market interest.

  4. Market Movements and Price Action
    Despite bullish fundamental news, INJ experienced a temporary price decline earlier in the week, attributed to broader market weakness. However, the token broke through the $12.50 resistance level on July 12, sparking renewed optimism. Whale activity and positive funding rates have further fueled bullish sentiment.


Technical Analysis

Current Price: $12.06
24h Change: -6.29%
24h Volume: $17,434,682

  • Moving Averages: INJ trades above its 20-day SMA ($11.25) and 50-day SMA ($11.78), signaling short-term bullish momentum. However, it remains below the 200-day SMA ($13.19), indicating resistance at higher levels.
  • RSI (14): At 55.35, the RSI suggests neutral to slightly bullish momentum.
  • MACD: A bullish crossover is evident, with a histogram of 0.2063 supporting upward movement.
  • Bollinger Bands: INJ is trading near the upper band ($12.74), indicating potential for further gains but also caution for overextension.

Key Levels:
- Resistance 1: $13.16
- Pivot: $12.37
- Support 1: $10.07

The overall trend is weak bullish, with momentum indicators suggesting a gradual upward bias.


Trading Strategy and Signals

Traders should monitor INJ’s price action closely as it approaches the $13.16 resistance level. A confirmed breakout above this level could pave the way for a rally toward $15.48. Conversely, failure to hold above the pivot point of $12.37 may lead to a retest of $10.07 support.

  • Short-Term Strategy: Scalping opportunities exist between the pivot and resistance levels.
  • Mid-Term Strategy: Look for accumulation near support zones for potential long-term gains.

Whale activity and high on-chain volume indicate that larger players are accumulating INJ, providing a bullish signal for retail investors.


Price Predictions and Outlook

Given the positive momentum from recent developments, INJ could target $13.16 in the short term and $15.48 if bullish catalysts persist. The launch of the EVM testnet and institutional ETF filing are likely to drive sustained demand, while regulatory clarity could further solidify Injective’s market position.

However, macroeconomic conditions and broader crypto market trends will play a significant role in determining INJ’s trajectory.


Risk Analysis

While Injective’s fundamentals are strong, several risks persist:
- Market Volatility: Broader market weakness could suppress INJ’s price, as seen earlier this week.
- Regulatory Uncertainty: Despite proactive efforts, delays or adverse rulings from regulators could impact sentiment.
- Technical Resistance: The 200-day SMA ($13.19) and resistance at $13.16 are critical hurdles that could limit short-term gains.

Traders should employ risk management strategies, including stop-loss orders near key support levels.


Conclusion

Injective (INJ) is charting a path toward long-term growth with transformative developments like its EVM testnet, institutional ETF filing, and regulatory collaboration. While short-term volatility persists, the project’s fundamentals and market positioning suggest a bullish outlook. Investors should keep an eye on key resistance levels and broader market trends as INJ continues to innovate and expand its ecosystem.

Image source: Shutterstock
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