Injective Price Pumped by Over 50% as Real-World Asset Infrastructure Expands

Injective (INJ) has seen its price pump by over 50% from last week's low, and it continues to rise despite other major cryptocurrencies cooling down. The token is currently up around 10% in the past 24 hours.

The surge comes as Injective expands its real-world asset infrastructure and sees a significant increase in network activity. This sets a strong fundamental backdrop for the current price action, but the technical picture may be even more interesting.

Crypto analyst Crypto Patel has identified a historical setup that could explain the current price range's significance. His chart points to a possible repeat of the structure that preceded Injective's massive 2023-2024 advance.