Injective’s native token INJ jumped over 13% after the network approved its IIP-619 mainnet upgrade proposal.
Why it matters
The upgrade aims to scale Injective’s real-time EVM architecture
Improves support for next-generation payments
Enhances MultiVM performance, RWA integrations with Chainlink oracles, and a shared liquidity layer
Market reaction
Bullish sentiment pushed INJ sharply higher
Price is nearing a key resistance within a falling wedge pattern
A confirmed breakout could open the path toward the $5 psychological level
Technical snapshot
RSI rising toward 50 → bearish momentum fading
MACD already shows a bullish crossover
Downside risk remains if price rejects resistance, with support near $2.65
Bottom line:
The approved mainnet upgrade has strengthened bullish momentum for INJ, with traders watching closely for a breakout above resistance to confirm further upside.