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![Trextxxy Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1517606372296343565.png) Trex [@Trextxxy](/creator/twitter/Trextxxy) on x 1760 followers
Created: 2025-07-23 05:02:11 UTC

$INJ sees a green day once more
Let us see why

@injective XXXX% 24h price gain reflects bullish ETF momentum, technical breakout confirmation, and surging on-chain activity.  

X. ETF catalyst: Canary Capital’s staked $INJ ETF filing ([Canary  
X. Technical surge: Break above $XXXXX resistance with RSI (72.72) signaling bullish momentum  
X. Network growth: Weekly transactions hit 45.8M (+YTD high) and TVL up XXXX%  

Deep Dive  
X. Primary catalyst  
The SEC filing for a staked $INJ ETF (18 July) positions Injective alongside Bitcoin/ETH in institutional products. This follows BlackRock’s ETH staking ETF move creating anticipation for regulated yield products. Whale wallets linked to Coinbase accumulated 163K $INJ ($2.38M) this week, signaling institutional positioning ahead of potential approvals.  

X. Technical context  
$INJ broke through the $XXXXX resistance (previous local top) with:  
- MACD histogram bullish at +0.3412  
- RSI(14) at XXXXX (approaching overbought but not extreme)  
- Fibonacci retracement suggesting $XXXXX as next target if $XXXXX swing high breaks  

The 24h volume-to-market cap ratio of XXXX% shows trader conviction in the breakout.  

X. Supporting factors  
- Network activity: 45.8M weekly transactions (1-year high) and $888M DEX volume signal utility growth  
- Sentiment shift: 3x spike in social engagement  
- Sector rotation: TOTAL3 altcoin market cap up XXXX% as Bitcoin dominance dips to XXXXX%  

Conclusion  
$INJ’s move combines institutional ETF prospects, technical momentum, and DeFi adoption – but faces resistance near $XXXXX. Will altcoin liquidity flows sustain the breakout if Bitcoin reclaims $120K?

![](https://pbs.twimg.com/media/GwhHBQKWoAE1AI9.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947884929074840012/c:line.svg)

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[$inj](/topic/$inj)
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[Post Link](https://x.com/Trextxxy/status/1947884929074840012)