$INJ Massive Network Upgrade and Hard Fork 😳 Here's Why !! 😲
If you look at the liquidation data and order book depth for Injective right now, the token is experiencing tight compression around $18.50. While short-term day traders are trying to push the asset down, whales are eyeing a massive structural network shift that happened today.
Binance officially suspended all
$INJ deposits and withdrawals to facilitate Injective's highly anticipated IIP-665 Mainnet Upgrade and Hard Fork, which hit exactly at block height 172,502,000. This follows the massive success of their recent Vulcan upgrade. High-volume VSA (Volume Spread Analysis) charts show that smart money is actively treating this temporary network pause as an accumulation zone, intentionally squeezing retail liquidity while exchange order books are thinned out.
I am waiting for Binance to officially reopen stable deposits and withdrawals. Once the upgraded network stabilizes and validation volume returns, we are likely to see a sharp, explosive recovery wick to completely clear out the late shorts, targeting $22.00 – $24.50.
📉 For Future Traders: Avoid over-leveraging while the mainnet transitions. If the price experiences a minor post-fork dip, look for high-volume absorption wicks around the $17.20 – $17.80 local demand zone to look for long scalps with tight stop-losses.
Is this hard fork going to launch Injective straight into a massive Q3 rally, or will the network upgrade trigger a "sell the news" event? Drop your targets below! 👇
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