Injective Price Prediction: Native USDC Goes Live and INJ Breaks Out Toward $6.50

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Injective confirmed native USDC is live, giving the network access to Circle’s $77B stablecoin ecosystem and enabling fiat-stable liquidity for tokenized stocks and pre-IPO assets; INJ trades at $6.206 on May 29 after breaking above all four daily EMAs and forming a cup-and-handle from a $1.50 bottom in early February. On-chain derivatives activity and technicals are bullish: futures open interest jumped 32.47% to $151.67M, shorts absorbed $441.74K versus $302.74K for longs in 24h, and MACD has held a bullish cross for the third consecutive week, supporting a breakout toward $6.50 and signaling stronger crypto/DeFi adoption.
- Injective confirmed native USDC is live, giving the network direct access to Circle’s $77B stablecoin ecosystem.
- INJ cleared all four EMAs in a single session with MACD holding its bullish cross for the third consecutive week.
- Futures OI jumped 32.47% to $151.67M while shorts absorbed $441.74K in 24-hour liquidations against $302.74K for longs.
Injective trades at $6.206 on May 29, breaking above every daily EMA in a single session after confirming native USDC is now live on the network, opening access to Circle’s regulated stablecoin liquidity for tokenized stocks and pre-IPO assets.
INJ Daily Chart: Cup and Handle Breakout With All Four EMAs Now Below Price
The daily chart has been building a textbook cup and handle formation since the December lows. The cup bottomed near $1.50 in early February and curve…
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