Injective Rises 25.53% as Binance Futures Open Interest Falls 17%

At 6:51 a.m. ET (10:51 UTC) on Oct. 16, Injective (INJ) was up 25.53% over 24 hours on Binance spot at $9.18, after touching $9.36 earlier in the session. The move put INJ above its tracked seven-, 20-, 50- and 200-day simple moving averages and its 12- and 26-day exponential moving averages.

INJ was $0.47 above the $8.71 upper Bollinger Band. The relative strength index (RSI) stood at 65.63, below 70; stochastic %K measured 94.12, compared with 75.29 for %D. The MACD and signal lines each read 0.3958, while the histogram was zero.

Binance futures open interest totaled about $26.98 million across 4,505,580 contracts after a 17.04% decline over 24 hours. The fall came as the spot price rose, but the figure does not identify which positions closed.

The report on INJ’s 2026 high covered the Hyperliquid activity.