Injective Price Stabilizes Around $5.16 Amid Coinbase Listing

Injective's price remains stable around $5.16, despite a recent decline of 2.08% over the past 24 hours.

The crypto asset has been trading near this level after recovering from its bottom at $4.45 and forming higher highs and higher lows on the daily chart, according to Abundance's analysis.

With native INJ now available on Coinbase, traders can access the Injective platform more easily, which is expected to increase market exposure and liquidity in the ecosystem.

However, despite these positive developments, the price of INJ is still facing a crucial test at $5.05, with a potential breakout above $6.50 if it can overcome this level.