Injective (INJ) is retesting a key long-term support zone that has previously triggered strong bullish reversals for the Injective price, with potential for continued upside if it holds, while a breakdown would weaken structure. Meanwhile, x402 has launched, enabling instant AI-driven payments and autonomous on-chain transactions.
At the time of writing, INJ is trading at $5.65 with a 24-hour trading volume of $180.91 million and a market capitalization of $564.97 million. Despite the signs of stability over the last 24 hours, the Injective price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Injective Price Eyes $6 Breakout as Bullish Momentum Strengthens
Injective Price Tests Key Support: Is a Breakout Coming?
According to the crypto analyst Third Eye, the Injective price has once more found itself at the mercy of the long-term uptrend support line test on its monthly chart, as the price currently sits near $5.63.
Meanwhile, the $4.80-$5.00 region has always been viewed as a strong buying area, with previous tests yielding bullish reversals, thus earning close monitoring.
Source: Third Eye’s X Post
If this holds true, there may be an opportunity to expand into the upside, with $20 as first targets, $40 mid-cycles, and $58+ extended objectives.
However, if the Injective price falls below $4.80, this would be a bearish signal. At present, the Injective price is at an important turning point; sentiment is bearish, yet the technical scenario still holds.
x402 Goes Live on Injective for Instant AI Payments
The data from Injective further highlighted that x402 has finally been launched on the Injective Protocol, marking the dawn of an entirely new epoch in autonomous payments using artificial intelligence.
The AI agents are capable of making payments immediately as soon as the services are needed without the need for any API keys or user authentication.
Source: Injective’s X Post
Settlements always take place on-chain using stablecoins and within a second, which allows for real-time coordination between the artificial intelligence and its services.
All that the user does is to ask for something, make payments, and have access to the desired item instantly. There are no subscriptions required anymore, thus marking x402 as one of the most important steps towards an AI internet.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Injective Price Eyes Major Breakout Toward $12 Following Record Token Burn
