Mainnet Upgrade Proposal Approved, Injective (INJ) Token Price Jumps 13%!

Jakarta, Pintu News – Injective (INJ) prices surged more than 13% on Thursday (Feb 19) after the network confirmed the approval of the IIP-619 proposal.

The green light for the mainnet upgrade has boosted trader sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine (EVM) architecture and strengthen its ability to support next-generation payment systems.

Technically, INJ has the potential to record further gains if it manages to break the key resistance level.

Mainnet Upgrade Strengthens Bullish Momentum

Injective announced via its official X account on Thursday that the latest mainnet upgrade proposal, IIP-619, has been officially approved.

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“This move aims to significantly scale Injective’s real-time EVM architecture, while strengthening its ability to support next-generation payment systems,” wrote Injective’s official statement.

This update greatly improves the performance of the Injective MultiVM architecture, optimizes the integration of Real-World Asset (RWA) with Oracle Chainlink (LINK) for real-time price feeds, and extends the capabilities of theshared liquidity layer.

This announcement became a bullish catalyst for Injective’s native token, INJ, which instantly jumped over 13% as soon as the news was released.

Injective Price Analysis: Potential for Further Upside if Breaks Key Resistance

Injective price is currently moving inside a falling wedge pattern (formed from a trend line connecting the highest and lowest points since mid-October). As of this Thursday, INJ has rallied more than 13% and is approaching the upper limit of the pattern.

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If INJ is able to break and close above this trend line, the rally could continue towards the key psychological level of $5.

The Relative Strength Index (RSI) indicator stands at 45 and is moving up towards the neutral level of 50, which indicates a weakening of the bearish momentum. For the rally to be sustained, the RSI needs to cross the 50 level. Meanwhile, the MACD indicator has shown a bullish crossover on Saturday, which further strengthens this positive outlook.

However, if INJ corrects, the decline could continue towards the February 6 low of $2.65.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FXStreet. Injective token surges over 13% following the approval of the mainnet upgrade proposal. Accessed on February 20, 2026