Injective (INJ) price surged 10% over five days, bouncing off the 50-day EMA support around $6.05. Gulf Labs joined the network as an institutional validator, strengthening security and governance while opening doors for tokenization, stablecoins, and institutional on-chain finance. Trading volume jumped 25% to approximately $170 million, while Open Interest reached $72.45 million, indicating heightened market participation and leveraged positions. The price is consolidating within a flag pattern, and a sustained breakout above the upper boundary could extend the rally, while rejection at resistance may prolong consolidation.
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