Foreign media reports that Coinbase has enabled native INJ deposits and withdrawals, allowing users to transfer assets directly through the Injective chain without relying on asset wrapping or cross-chain bridges. For Injective, this is not only an exchange integration update, but also a more direct path for US users to enter its ecosystem.
Coinbase now supports native INJ deposits and withdrawals.
The article argues that this integration primarily lowers the barrier to entry. Coinbase, as a large, compliant crypto trading platform in the US, serves a significant number of retail and institutional users. With native support, the process of funds entering the Injective ecosystem is shorter, and operational friction is reduced.
Such changes may not immediately translate into price increases, but they typically improve network visibility and liquidity expectations. For public blockchain projects that rely on ecosystem activity, native integration with trading platforms is often seen as an advancement at the infrastructure level, rather than just a short-term news stimulus.
Market attention is focused on changes in ecosystem participation.
The article mentions that Injective has been continuously expanding its applications in decentralized trading, real-world assets, tokenized finance, and AI in recent years. With Coinbase's integration, the focus is on whether this will attract more users and funds to the network, thereby increasing on-chain participation.
The core logic is not complicated: when a network's access path becomes smoother and its application scenarios continue to increase, the market usually pays more attention. However, the article also points out that access itself does not necessarily mean that prices will continue to rise; the subsequent outcome still depends on whether funds truly follow suit.
The area around $8 has become the short-term focus.
From a price perspective, the article states that INJ previously found support in the $3.50 to $4.50 range, and its recent price action has shown some recovery, consistently forming higher lows. As the rebound continues, market attention is now focused on the $7.70 to $8.00 area.
According to the article, this area represents a significant concentration of selling pressure from the previous period. If INJ can effectively break above this range, market expectations for a temporary strengthening may further increase; however, if it fails to break through, the price may continue to consolidate.
- Focus range: $7.7 to $8
- First support level: $4.5
- Lower demand zone: approximately $3.50
Overall, foreign media believe that Coinbase's native INJ support has improved Injective's market accessibility and added a new foothold to its ecosystem narrative. Going forward, whether funds will continue to flow in, and whether INJ can overcome the resistance around $8, will be the two most closely watched variables in the short term.
