{"id":31415,"date":"2026-10-16T22:46:20","date_gmt":"2026-10-16T22:46:20","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31415"},"modified":"2026-10-16T22:46:20","modified_gmt":"2026-10-16T22:46:20","slug":"injective-explodes-30-as-white-house-talks-put-10-inj-breakout-in-focus","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31415","title":{"rendered":"Injective explodes 30% as White House talks put $10 INJ breakout in focus"},"content":{"rendered":"
<\/div>\n

Injective continued its rebound on Friday, trading around $9.25 as improving momentum and declining exchange balances supported a constructive outlook.<\/p>\n

INJ is the best performer among the top 100 cryptocurrencies by market cap, adding nearly 30% to its value in the last 24 hours. <\/p>\n

The rally follows a recovery from the 50-day Exponential Moving Average, which stood near $6.59 last week.<\/p>\n

 INJ has since moved above the closely watched $8.21 level, bringing the October 13 high at $10.09 into focus.<\/p>\n

The rally also coincides with increased attention on Injective\u2019s tokenization strategy after CEO Eric Chen met with senior US officials.<\/p>\n

Santiment data placed INJ\u2019s social dominance at 1.1% on Friday, indicating a rise in the token\u2019s share of tracked cryptocurrency discussions. <\/p>\n

That attention accompanied the policy discussions, although it does not establish that the meetings caused the price recovery.<\/p>\n

Eric Chen meets US officials on onchain finance<\/h2>\n

Chen met Wednesday with officials from the White House, the Securities and Exchange Commission and the Commodity Futures Trading Commission, according to Injective.<\/p>\n

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https:\/\/twitter.com\/injective\/status\/2110765486178750964 <\/div>\n<\/figure>\n

The discussions focused on advancing tokenization and onchain finance within US regulatory frameworks.<\/p>\n

The project highlighted several developments alongside its policy engagement, including SEC-registered transfer agent status for tokenized securities, CFTC-regulated INJ futures and its Injective mint initiative for real-world assets.<\/p>\n

The team also announced earlier this week that Injective will be coming to Wall Street soon.<\/p>\n

\n
https:\/\/twitter.com\/injective\/status\/2109681174624837674 <\/div>\n<\/figure>\n

These developments form part of Injective\u2019s effort to expand blockchain-based financial markets.<\/p>\n

Santiment\u2019s onchain figures showed a decline in the amount of INJ held on exchanges, alongside an increase in holdings among leading non-exchange wallets.<\/p>\n

Exchange supply fell from approximately 1.26 million INJ on August 12 to 872,500 INJ on Thursday. Over the same period, the top non-exchange wallets increased their holdings from 94.99 million to 95.46 million tokens.<\/p>\n

The shift suggests less INJ is immediately available on tracked trading platforms. Withdrawals can be consistent with longer-term holding, although they do not confirm investors\u2019 intentions or rule out future selling.<\/p>\n

Meanwhile, the percentage of circulating supply in profit climbed to 77.01%, compared with 41.16% at the earlier reference point.<\/p>\n

That increase reflects improved holders\u2019 positions as prices recovered. It may support confidence, but it also leaves more investors able to realize gains.<\/p>\n

Injective technical forecast: INJ breakout brings $10.09 into focus<\/h2>\n

Injective\u2019s daily chart shows a bullish bias, with the price above both its 50-day EMA at $6.94 and its 200-day EMA at $5.76.<\/p>\n

The Moving Average Convergence Divergence indicator remains in positive territory, accompanied by a modestly positive histogram. <\/p>\n

The Relative Strength Index stands near 66, suggesting upward momentum without reaching the conventional overbought threshold of 70.<\/p>\n

The move above $8.21 strengthens the recovery setup. Holding that breakout would support a potential advance toward $10.09, the October 13 high.<\/p>\n

If buyers overcome that barrier, the October 10 high at $12.44 becomes the next upside reference. Both targets remain conditional on sustained demand and follow-through buying.<\/p>\n

<\/figure>\n

The $8.21 breakout level provides an initial reference for whether buyers can maintain control during a pullback.<\/p>\n

Below it, the 50-day EMA near $6.94 offers stronger technical support. The 200-day EMA around $5.76 provides a deeper reference for the broader trend.<\/p>\n

For now, positive momentum and lower exchange balances support Injective\u2019s recovery. The next test is whether INJ can hold above its breakout and build enough demand to challenge $10.09.<\/p>\n

The post Injective explodes 30% as White House talks put $10 INJ breakout in focus<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Injective continued its rebound on Friday, trading around $9.25 as improving momentum and declining exchange balances supported a constructive outlook. INJ is the best performer among the top 100 cryptocurrencies by market cap, adding nearly 30% to its value in the last 24 hours.  The rally follows a recovery from the 50-day Exponential Moving Average, […]<\/p>\n","protected":false},"author":1,"featured_media":31416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31415"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31416"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}