Injective Price Hits Make-or-Break Point Around $5

The Injective price has reached a critical level of $5 as it tests its recovery's validity. The cryptocurrency broke out of a descending triangle, and now it's approaching its 200-day EMA around the same price point.

Just as this momentum is building up, Injective announced an expansion of its tokenization infrastructure, which could potentially boost the price further.

If INJ clears the $5 barrier, the next targets would be $5.50 and $6, according to market expectations.