Injective (INJ) is gaining bullish momentum after rebounding from a key support zone, with an analyst forecasting further gains if buying pressure continues. Meanwhile, rising activity in real-world asset (RWA) perpetual markets highlights the network’s growing role in bringing traditional financial markets to blockchain-based trading.
As of now, according to CoinMarketCap data, Injective is trading at $8.66, up 7.55% over the past 24 hours and 10.88% over the past week.
INJ Price Rebounds From $6.54 as Analyst Sets $53 Target
Crypto analyst LAR reports that Injective has rebounded strongly after finding buying support near $6.54. The token subsequently gained 45%, indicating a recovery from its previous accumulation phase.
The analyst believes INJ has moved beyond its accumulation range and could extend its recovery if bullish momentum continues. A weekly close above $8.50 remains a key condition for supporting the next potential upward move.
LAR has maintained a longer-term target of $53, projecting that INJ could reach this level within 120–150 trading days. Such a move would require sustained buying pressure and further resistance breakouts. The forecast remains speculative, with a weekly close above $8.50 serving as the next key test.
Injective RWA Perpetuals Surpass $1.1B in Year-to-Date Volume
Injective’s data shows that its real-world asset perpetual markets have surpassed $1.1 billion in year-to-date trading volume, reflecting activity in on-chain derivatives linked to traditional financial markets.
Over the past month, these markets generated more than $230 million in trading volume across equities, foreign exchange, commodities, market indices, and pre-IPO markets. This variety allows traders to gain exposure to multiple asset classes through blockchain-based trading infrastructure.
The activity highlights how RWA markets are expanding beyond tokenized ownership into on-chain derivatives. Injective’s perpetual products provide another way to trade assets linked to traditional finance, while the reported volume offers a measure of activity across these markets.
