Injective (INJ) price prediction: EVM Mainnet launch is imminent, expected to rise 60% to $26?

The native token of Injective, INJ, has strongly broken through the key resistance level of $15.50, reaching a daily high of $15.85. The technical analysis shows that it is breaking out of the daily chart ascending triangle pattern ( with a bullish crossover as the 50-day SMA crosses above the 20-day EMA bullish crossover ). If it closes above $15.50 on the daily chart, the measured target points to $26, with a potential increase of 60%. This breakout coincides with Injective announcing the successful internal deployment of its native EVM mainnet ( EVM mainnet ), along with the favourable information from last week's launch of SBET on-chain treasury (. This article will analyze the key technical indicators and core fundamental drivers of INJ.

INJ Technical Analysis: Breakthrough Key Resistance, Targeting $26 Goal

• Current Trend: The INJ price is attempting to effectively break through the rising triangle pattern on the daily chart. Today it successfully broke through the horizontal resistance level $15.50 and reached an intraday high of $15.85.

• Momentum Support: The 50-day Simple Moving Average )SMA( crossing above the 20-day Exponential Moving Average )EMA( forming a bullish golden cross remains valid, providing technical support. Recent pullbacks have found dynamic support )dynamic support( at the 20-day EMA.

• Risk Warning: Be cautious of repeating last week's failed breakout) (the price briefly pierced the upper boundary of the pattern before falling back). The current price is only slightly above the upper boundary of the pattern, and a daily closing confirmation is crucial.

• Indicator Signal:

  • Relative Strength Index ( RSI ) is at 68, close to the overbought zone but still leaving space for the daily chart to close above the triangle pattern.
  • Difference Moving Average ( MACD ) presents a bullish pattern: the MACD line is above the signal line, and the green momentum bar ( histogram ) continues to expand.

• Target Calculation: If the INJ price can achieve a daily chart closing price above $15.50, then according to the rise triangle pattern's measured move target (, the subsequent upward target can be seen at $26 (based on the height projection of the pattern).

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Core Driver: EVM Mainnet is About to Launch and SBET On-Chain Treasury Implementation The recent breakthrough in the INJ market coincides with significant fundamental developments in the project:

1. Native EVM Mainnet Milestone Achieved: The Injective team announced that it has completed the internal deployment of its native EVM Mainnet. It has been less than a month since the EVM testnet went live on July 3rd. Once the public mainnet is launched, developers will be able to directly deploy Ethereum-compatible dApps on Injective's Layer1 blockchain), greatly expanding the possibilities and application scenarios of the ecosystem.
2. SBET on-chain digital asset treasury launch: Last Friday, Injective added SBET to its ever-expanding on-chain product matrix — the world’s first on-chain digital asset treasury (. SBET tokenizes the $1 billion ETH reserve of SharpLink Gaming through Injective's iAssets framework, turning it into a tradable, yield-generating on-chain asset, attracting significant market attention.

Conclusion: The INJ price is at a critical juncture where technical and fundamental factors resonate. Successfully breaking through and holding above $15.50 neckline will open the door for challenging $26 **measured target (potential 60% rise). The upcoming **native EVM Mainnet public launch is the core catalyst for enhancing Injective's competitiveness as a high-performance Layer 1 public chain, expected to attract a large influx of Ethereum ecosystem developers and capital. Additionally, the innovative SBET on-chain treasury product demonstrates its breakthroughs in the on-chain finance )On-Chain Finance( field. Investors should closely monitor whether the daily chart closes can confirm a valid breakout, the official launch timing of the EVM Mainnet, and the overall market risk appetite. If the breakout is successful and favorable fundamentals continue to be released, INJ is likely to become one of the leading assets in this round of public chain sector recovery.