Injective Price Prediction: INJ Breaks Out Toward $6.50

Open interest surged 32.47% to $151.67M while volume climbed 11.51% to $336.48M. OI rising faster than volume points to fresh positions being built rather than short-term speculation driving the move. Shorts absorbed $441.74K in liquidations over 24 hours against $302.74K for longs, bears are on the wrong side of this move.

The retail long/short ratio sits at 0.8505, meaning more retail accounts are short. Top traders on Binance run a 1.6802 long/short ratio by accounts but only 0.8676 by positions, suggesting professionals are cautious about sizing despite being directionally long. That gap between account ratio and position ratio is worth watching as price approaches the $6.50 resistance zone.

INJ Price Prediction for May 30

• Upside: Holding above the 200 EMA at $5.705 on any pullback keeps the breakout valid, with $6.50 as the next target and $8.00 as the broader objective if momentum sustains.
• Downside: Losing $5.705 on a daily close pulls INJ back into the handle range, with the 20 EMA at $5.106 as the next demand level.