Injective (INJ) shows increased ecosystem activity and rising price trends

Injective (INJ) is experiencing a surge in ecosystem engagement, characterized by rising on-chain activity and developer contributions. Monthly active addresses have grown from 1.4K to 2.2K over the last 90 days, while monthly public GitHub commits increased from approximately 250 in August to over 500 in September and October.

Technical analysis suggests several key resistance levels for the token. Immediate resistance is noted between $9 and $10, followed by zones at $12 to $16 and $20 to $24. A significant hurdle remains the previous cycle high of approximately $50 to $53. Some analysts suggest that if a rising trendline based on previous cycle highs is extended, the token could potentially reach $100 by 2029, though such projections remain speculative.