Injective (INJ) is trading around $5.70 (₹490) as several bullish developments converge within a short period. The network recently activated its Vulcan Mainnet Upgrade, launched M-INJ, the first regulated INJ investment fund in Asia, and completed its largest-ever Community BuyBack, worth more than $315,000.

Despite these positive catalysts, INJ has yet to reclaim the $6.00 mark after broader crypto market weakness. Traders are now watching whether improving fundamentals can translate into renewed buying momentum or whether sellers continue to defend the psychological resistance.

Ready to act on these levels?

▼ Support

$5.40 ₹465

▲ Resistance

$6.00 ₹516

If INJ holds above $5.40 and buying interest continues following the Vulcan upgrade and recent tokenomics developments, the token could reclaim $6.00. A decisive move above that level may attract additional momentum buyers, opening the door toward the $6.40 (₹550) region.

If INJ fails to maintain the $5.40 support zone, short-term sentiment could weaken further. In that scenario, traders may look for the next support around $5.00 (₹430) before buyers attempt another recovery.

The Vulcan Upgrade

The Vulcan Mainnet Upgrade is the biggest catalyst for INJ right now. The upgrade reduces oracle gas costs by up to 90%, improves infrastructure for stablecoins and tokenized real-world assets, and enhances the network's efficiency for financial applications. At the same time, Injective's record Community BuyBack and the launch of the regulated M-INJ fund strengthen the project's long-term ecosystem. For futures traders, the key question is whether these developments provide enough momentum for INJ to finally break above the important $6.00 resistance.

Trade INJ Futures on CoinDCX