Injective's INJ Token Surges Higher Amid Record Staking Activity
Injective's INJ token has surged higher as buyers regain control of the market. The price broke above a descending trendline that had constrained its recovery, and is now trading near a critical resistance cluster.
The significant staking activity on Injective's network has contributed to this momentum. With 58.8 million INJ tokens staked on-chain, representing over 40% of the total token supply committed to staking, the protocol continues to develop use cases around decentralized finance and real-world assets.
According to a recent update from Injective, the token's staking activity has reached an all-time high. This milestone is significant as it reduces the amount of INJ immediately available for active market trading, while indicating stronger network commitment.
The immediate resistance zone sits around $7.00, followed by the $7.50-$8.00 area. A decisive breakout above this zone could extend the recovery toward $9, but price confirmation remains crucial in determining the token's future direction.