Mirza, one of the INJ team leads, just teased that “they’re putting together some of the biggest deals in Injective crypto history right now. Expect the unexpected.” This has sparked the hype around the community, but the price isn’t budging much.
The SEC just said Liquid Staking and its tokens aren’t securities, which is a big win. This could give a nice boost to the INJ ETF Canary Capital submitted last month, but so far, the coin is only up 23%.
🔥BREAKING: The @SECGov has declared that Liquid Staking activities and tokens are not securities.
Soon you will see the Staked $INJ ETF by Canary Capital which enables institutions and users to access Injective through TradFi rails.
Promises made. Promises kept. 🇺🇸 pic.twitter.com/UJb0IixV3m
— Injective 🥷 (@injective) August 5, 2025
Injective (INJ) Chart Struggling: Is It Time to Buy or Wait?
Injective has been lagging behind most Layer 1s lately. Sure, it shot up 23% after that ETF news, but now it’s down 7% in the last week, and honestly, the chart’s still giving off some bearish vibes. The MACD is sitting near zero, with the blue and orange lines crossing all over, showing no real momentum either way.
The RSI is 53.70, meaning it’s in the middle ground—not too hot and not too cold—so it could go either way from here.
Watch $12.50 as a key support level. If it holds, we might see a bounce back toward $13.50, maybe even $14 if the bulls start coming in. However, if $12.50 cracks, we could see it drop to $12 or lower. The moving averages are flat, so there’s no clear trend signal.
It could go either way for the short term, with Experts leaning toward a bounce if it holds above $12.50. If it breaks $14, we could see a solid pump, but until then, it’ll probably just stay in this range. Keep an eye on those levels and watch for any momentum on the RSI or MACD.
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Key Takeaways
- Injective’s price remains stagnant despite major news; key support at $12.50 could signal a potential bounce.
- SNORT presale is booming, with $2.80M raised; traders should act fast before prices pumps up.
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