INJ'S BILLION-DOLLAR RWA BET FACES A PRICE TEST!!
Injective is building more than another RWA narrative.
Over $1 billion in residential mortgage records have been tokenized on Injective, while its Meridian mainnet upgrade expands infrastructure for regulated financial markets.
But can that progress translate into stronger INJ price action?
INJ/USDT MARKET READ
Reference price: $7.79
Immediate resistance: $7.90–$8.00
Major resistance: $8.40–$8.65
Immediate support: $7.50–$7.60
BIAS: WAIT FOR BULLISH CONFIRMATION
BULLISH SCENARIO
A sustained move above $8.00 with rising volume could reopen the path toward $8.40–$8.65.
BEARISH SCENARIO
Losing $7.50 would weaken the recovery and signal renewed selling pressure.
MY FINAL TAKE
Meridian and Injective's RWA expansion strengthen the project's infrastructure story. For traders, however, price and volume confirmation matter more than the narrative alone.
Will INJ reclaim $8.00 or lose its $7.50 support?
