Injective's native token, INJ, surged over 33% in the past seven days, marking a sharp reversal from months of weak momentum. On the 4-hour chart, INJ printed higher highs and higher lows, breaking above all major exponential moving averages and confirming a strong continuation trend. Daily trading volume surpassed $233 million, and open interest rebounded toward $85 million as traders rebuilt leveraged exposure.
The rally was fueled by a governance-approved switch to native USDC, enabling cross-chain USDC transfers across more than 20 blockchains. This integration, combined with the rollout of regulated futures, expanded institutional access. The token had already gained over 125% since early April, and the weekly breakout above a significant bearish trendline suggests a potential long-term trend change.
