INJ Primed for 60% Rally as EVM Mainnet Launch Looms—Traders Brace for Volatility

Injective Protocol's native token INJ shows explosive potential as its Ethereum Virtual Machine (EVM) compatibility goes live. Market watchers eye a 60% surge—because what's crypto without a little irrational exuberance?

Fueling the fire: The EVM upgrade lets developers port Ethereum dApps to Injective's high-speed blockchain. Suddenly, INJ isn't just another DeFi token—it's a bridge between two ecosystems.

Word on the trading floors: 'Buy the rumor' traders are already piling in, while skeptics mutter about 'mainnet launch sell-offs.' Either way, buckle up—this could get spicy.

Bonus cynicism: If the rally happens, expect at least three VC-funded 'EVM-compatible' copycats to announce their own tokens by Friday.

While there is still a chance this breakout fails like the previous one—with the price just wicking above the upper boundary of the ascending triangle resistance before falling back inside the pattern—technical indicators currently lean toward a breakout follow-through scenario.

RSI is at 68, approaching overbought territory but still leaving room for a daily close above the triangle. MACD is also bullish, with the MACD line above the signal line and the histogram printing rising green bars.

If INJ price closes above $15.50, it opens the door for a potential move toward $26, based on the measured move from the height of the ascending triangle.

What’s driving INJ breakout?

INJ price breakout is unfolding alongside major fundamental news for the project, as the team has just announced the successful internal deployment of its native EVM mainnet. This milestone comes less than a month after the EVM testnet went live on July 3. Once publicly launched, it will allow developers to deploy Ethereum-compatible decentralized applications directly on Injective’s LAYER 1 blockchain.

It’s also worth noting that Injective added SBET to its expanding suite of on-chain offerings, which dominated headlines last Friday. SBET — the world’s first on-chain digital asset treasury — tokenizes SharpLink Gaming’s $1 billion ETH treasury into a tradable, yield-generating asset built using Injective’s iAssets framework.