Injective (INJ) is showing signs of a potential recovery as buyers defend key support and build upward momentum. The setup could strengthen if INJ clears resistance, while the Meridian upgrade aims to expand institutional RWA infrastructure, tokenized markets, privacy-focused trading, and broader network capabilities.
As of now, according to CoinMarketCap data, Injective is trading at the price of $7.83, up 6.18% on the day and 27.65% over the past week.
Injective Price Eyes $17.50 as INJ Forms Double-Bottom Above $3–$4 Support
According to a prominent crypto analyst, Crypto With Gopal, INJ is forming a potential double-bottom pattern after buyers defended the $3–$4 zone twice. The repeated support around this range suggests that buyers are gradually returning and trying to build a stronger recovery.
INJ has since pushed higher, but the pattern still needs confirmation. The key level is the $9–$9.50 neckline, which has become the main resistance area. A decisive move above this zone could confirm the double-bottom structure and strengthen the bullish setup.
If INJ breaks above the neckline and holds that level, the chart points toward a potential target near $17.50. This would represent a significant move from the $3–$4 support zone, although the projected target depends on a confirmed breakout.
Meanwhile, traders may closely watch both sides of the setup. The $3–$4 area remains the key support zone, while $9–$9.50 is the major resistance. Holding above recent lows and breaking the neckline would provide stronger confirmation of the bullish structure.
Meridian Expands Injective’s Institutional RWA Infrastructure
Injective has announced that the Meridian Mainnet Upgrade is now live for voting, allowing INJ stakers to vote on the governance proposal through Injective Hub. Voting will close on September 22, with the mainnet upgrade scheduled for September 24 if approved. The upgrade aims to expand institutional-grade RWA issuance and unified perpetual markets.
Meridian focuses heavily on institutional adoption by expanding support for regulated real-world asset issuance on Injective EVM. The upgrade would allow issuers to build compliance and transfer requirements directly into tokenized products, creating infrastructure for regulated tokenized equities, financial instruments, and other onchain asset markets.
The upgrade also introduces unified tokenized perpetual markets through new MultiVM capabilities. Asset controls can operate across Injective’s native and EVM environments, while atomic purchases through the exchange precompile can give EVM applications more direct access to Injective’s native liquidity and core onchain settlement infrastructure.
Privacy Features and Market Infrastructure
Meridian also lays groundwork for Injective’s native privacy platform, CypherOS, by introducing initial testing for private RFQ transaction flows. These controlled environments are designed to let institutions access onchain liquidity while limiting exposure of sensitive trading details, including order information during execution and settlement processes.
Beyond tokenization and privacy, Meridian strengthens the network’s core market infrastructure further across execution, risk controls, transaction signing, and oracle processing. Improved oracle prioritization and relay validation are intended to provide more dependable pricing for tokenized equities, real-world assets, derivatives, and other complex financial markets.
If approved, the proposal will commit Injective to halt at block height 184394000, around 15:00 UTC on September 24, 2026, before resuming with Injective Chain version 1.20.4. The upgrade combines regulated asset issuance, unified markets, privacy testing, and stronger infrastructure into one broader network update.
