Injective (INJ) Surges on EVM Testnet Launch Amid Bullish Momentum: Price Outlook and Key Insights

1. Executive summary

Injective (injectionive) has emerged last week as one of the striking artists on the cryptomarket, driven by a combination of technical developments and market speculation. The launch of its Ethereum Virtual Machine (EVM) Testnet on 12 July offered a considerable boost, which resulted in a price die of 15.26%. In the meantime, a troubled announcement has planned investor optimism before July 17. Because injs trade at $ 14.43 and a strong bullish momentum, traders are closely monitoring of important resistance levels and technical indicators for further upward potential.

2. Recent market developments

• EVM Testnet Launch (12 July 2025):
  Injective’s integration with Ethereum via its EVM test network marks an important milestone, which enables developers to implement Ethereum-based decentralized applications (DAPPs) on the blockchain of Injective. This movement not only expands the ecosystem of injectionive, but also positions it as a competitive player in the Defi room. The launch led to a price rally of 15%, break from a multi-monthly channel and attracting increased user activity.
  Influence: Positive.

• Teased announcement (July 17, 2025):
  Injectively hinted on an important update, which aroused speculation on the market. Although the details are not known, earlier announcements of this nature have often led to short -term price volatility.
  Influence: Neutral, awaiting further clarity.

3. Technical analysis

Injectief is currently traded at $ 14.43, which reflects an increase of 8.66% in the last 24 hours. Main technical indicators strengthen the bullish sentiment:

• Travel averages:

  • Short -term (SMA7: $ 13.22) and long term (SMA200: $ 13.09) Average signal strongly upwards.
  • Exponential advanced averages (EMA12: $ 12.77, EMA26: $ 12.11) Furthermore, confirm bullish coordination.

• Momentum -indicators:

  • RSI (14): At 71.28 Inj comes in the overboughtzone, which suggests a strong buying pressure.
  • MacD: A Bullish MacD -Crossover with a histogram reading of 0.3702 indicates a positive momentum.
  • Stochastic Oscillator: %K at 99.76 and %D at 93.70 Signal Extreme Overbought conditions, for which there is careful.

• Bollinger bands:

  • Inj has violated the Upper Bollinger band ($ 14.30), which indicates a strong up-up momentum, but also potential for short-term consolidation.

• Key levels:

  • Resistance: $ 14.44 and $ 14.45.
  • Support: $ 10.07 and $ 8.95.

4. Trade strategy and signals

Given the current bullish trend, traders can consider the following strategies:
– Breakout Trading: Check a persistent outbreak above $ 14.45, which can pave the way for a retest of $ 16 or higher.
– Pullback -opportunities: A short-term retracement for the range of $ 13.50- $ 14.00 can offer a favorable access point for long positions, in particular if supported by a strong volume.
– Note about overbought levels: With RSI and stochastic indicators that indicate overboughteconditions, there is a risk of making a profit in the short term.

5. Price forecasts and prospects

• Short term (1 week): Inj is likely to test and possibly break above the resistance of $ 14.45, with upward goals about $ 15.50- $ 16.00 if bullish momentum persists. However, consolidation around the $ 14.00 level is also possible.
• Medium term (1 month): Persistent acceptance of the EVM test network could stimulate INJ to the range of $ 18- $ 20, depending on broader market conditions and any positive updates of the troubled announcement.
• Long term (6-12 months): With the continuous expansion of the ecosystem and the increased adoption, INJ could again visit its 52 -week highlight of $ 34.02.

6. Risk analysis

Although the recent developments of the injectional are promising, different risks must be considered:
– Overbought conditions: The high RSI and stochastic levels suggest a potential correction in the short term.
– Market sentiment: The troubled announcement may not meet the expectations of investors, which leads to volatility.
– Wider market trends: Macro factors, such as legal developments or Bitcoin price movements, can influence the process of INJ.

7. Conclusion

Injective (Injective) has solidified its position as an important player on the crypto market, where the EVM TestNet launch serves as a catalyst for its recent price die. While the troubled announcement adds an element of uncertainty, the technical indicators and bullish trend point to further upward potential. Traders must remain careful with overbough conditions and focus on important resistance levels to take advantage of future price movements.

Image source: Shutterstock