Ethereum News Today: Injective (INJ) EVM Mainnet Goes Live as Analysts Target 60% Price Rally

Injective Protocol (INJ) has launched its internal Ethereum Virtual Machine (EVM) mainnet, a development that could catalyze a significant price surge for the cryptocurrency. Technical analysis by Crypto Patel, a crypto analyst on social media, identifies an inverse head-and-shoulders pattern on INJ’s chart, suggesting a potential 63% increase to $41 from its current price of $15.71 [1]. A daily closing above $16.20 would confirm the bullish setup, with subsequent resistance levels at $26.36 and $34.32 acting as key milestones. A breakdown below $12, however, would invalidate the pattern [1].

The EVM mainnet launch enhances interoperability, enabling Ethereum-based developers to deploy applications on Injective’s infrastructure. This move aligns with the platform’s broader strategy to integrate artificial intelligence (AI) and expand its decentralized finance (DeFi) ecosystem. Over recent months, Injective has introduced AI-driven tools, including a tokenized index for stocks and AI coins, and partnered with Aethir to launch the first tokenized GPU platform in late 2024. Its Cosmos SDK-powered Layer 1 infrastructure has also drawn strategic collaborations with traditional finance custody providers such as 21Shares and Rakkar Digital [1].

Injective’s on-chain activity has surged, with transactions exceeding 2 billion, reflecting heightened user engagement. The platform’s evolution from a decentralized exchange to a multifaceted DeFi-AI ecosystem has been marked by strategic advancements. The EVM mainnet further strengthens the network’s appeal by enabling Ethereum-compatible smart contracts, potentially boosting total-value locked (TVL) and developer adoption [1].

The projected price target of $41, if realized, would mark a significant milestone for INJ, reflecting its expanding ecosystem and strategic partnerships. However, market dynamics could influence the trajectory. While altcoin season optimism and Ethereum’s recent outperformance of Bitcoin create a favorable backdrop, sudden selling pressure or failure to breach critical resistance levels could delay the anticipated rally. The inverse head-and-shoulders pattern relies on sustained buyer confidence, and Injective’s ability to maintain upward momentum will depend on both technical execution and broader market sentiment [1].

Injective’s EVM mainnet represents a pivotal step in its growth strategy, offering enhanced interoperability and expanding the blockchain’s utility. With Ethereum developers now able to deploy applications on the Injective network, the platform is well-positioned to attract a new wave of innovation. Investors will need to monitor key price levels closely, as the outcome of the technical pattern could determine the token’s short-term direction [1].

Source: [1] [Injective (INJ) Eyes 60% Rally as EVM Mainnet Goes Live] [https://invezz.com/news/2025/07/28/injective-inj-eyes-60-rally-as-evm-mainnet-goes-live/]