Coinbase Integration Boosts Injective Token's Bullish Case

Injective's native token INJ has regained momentum after months of decline. The token has posted steady gains over the past month, with a 2.65% increase in the last seven days and a 19.53% rise in the last 30 days.

The recent surge can be attributed to Coinbase's expanded support for native INJ. The exchange has completed its migration from the ERC-20 version of INJ to the native token, allowing users to deposit and withdraw INJ directly through the Injective blockchain.

This development removes a key barrier for users looking to move assets directly on the Injective blockchain. Coinbase users can now trade INJ seamlessly, increasing accessibility to the Injective ecosystem.

The technical picture has also strengthened over the past several weeks, with INJ trading between $5.03 and $5.44 during the past 24 hours. The gradual series of higher lows suggests buyers have continued to defend key support levels as the token attempts to extend its recovery.