INJ touches bottom and rebounds to stabilize at 5 USD. Can the dual drivers of repurchase + RWA break through the 7 USD mark?

Question

[Coin World] The recent trend of INJ is quite interesting. After that big dump last month, the price has finally stabilized, and it has rebounded by 3% in the past few days, now hovering around $5.11.

The project team has been busy as well, spending a whopping $39.5 million on buybacks, which directly reduced the circulating supply. Their RWA perpetual contract market is quite impressive too, with trading volume exceeding $6 billion.

From a technical perspective, the $7 level is a hurdle. If it can break through, reaching the range of $10 to $14 by the end of the year is not impossible. Of course, whether it can hold depends on subsequent performance.

just_here_for_vibes · Accepted Answer

What can a 39.5 million buyback really achieve? It depends on whether it can truly break through 7 dollars later.

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The volume in the RWA sector is so impressive, but why does it feel like the hype is just average?

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It&#39;s been swaying around 5 dollars for quite a while, if it doesn&#39;t move soon, I&#39;m going to sleep.

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14 dollars by the end of the year? Haha, that would require quite a bit of luck.

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The project party is working so hard on the buyback, could it be that they are buying the dip for themselves?

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Is 7 dollars really that critical? It feels like just a psychological price point.

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RWA Perptual Futures have broken 6 billion, which is indeed impressive, but I just don&#39;t know how long it can be maintained.

ContractTester · Answer

39.5 million buybacks get dumped, the circulating supply compression is a bit impressive, just see if it can really move the price

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RWA volume breaking 6 billion? This data seems a bit exaggerated, actual user retention is what counts

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A rebound of about 3% from over 5, this wave is probably another bull trap

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If the 7 yuan level can&#39;t be broken, it seems we will need to pullback, don&#39;t be too optimistic

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The project party is so willing to spend money, it feels like they are paving the way for the upcoming actions

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Hey, has the RWA Perptual Futures been made like this? This direction indeed has potential

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Every day saying 10 to 14, can&#39;t we stabilize at 5 first before making any claims?

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Feels like still probing the bottom, at this price level I will continue to observe

DegenMcsleepless · Answer

39.5 million repurchased and dumped in, the circulating supply has been trapped, this method is quite ruthless, huh

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RWA volume broke 6 billion, is this data true? I always feel like it’s a bit exaggerated

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It only counts when it breaks 7 dollars, saying 14 by the end of the year is too early

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Stabilizing above 5 dollars is already good, don’t think too far ahead

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The project party is working so hard to repurchase, either they really have confidence or they are trapped, what do you think?

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What’s there to be proud of with a 3% rebound? One large investor dumping and it’s gone

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The real test is at 7 dollars, if it can’t stand above it, it’s all for nothing

RumbleValidator · Answer

Repurchasing 39.5 million is indeed a bold move, but the key is whether the Node verification efficiency can keep up with the rise in volume. With 6 billion dollars in RWA transactions, the stability of the Consensus Mechanism is what really matters.

GamefiEscapeArtist · Answer

39.5 million buyback? It&#39;s a bit small, we still need to see if it can really break the 7 barrier.

metaverse_hermit · Answer

Buy back 39.5 million and get dumped directly, this is indeed a significant move. Let&#39;s see if we can really get past the hurdle of 7 dollars.

MevTears · Answer

Breaking the $7 barrier is really tough, it feels like it will take some more time.

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A buyback of $39.5 million sounds impressive, but can it really stabilize the market? A trading volume of over 6 billion for RWA is not much either.

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A 3% rebound and they start boasting, let&#39;s wait until it holds above $7 to talk.

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I am optimistic about the RWA line; if it weren&#39;t for this support, INJ would have been done for a long time.

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Dreaming about 10-14 by the end of the year, even reaching $5 will be a struggle.

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The project party is investing heavily in buybacks, indicating that there is still consensus at the bottom, but I don&#39;t know if retail investors will follow.

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The technical aspect looks exhausting, we still need to wait for the volume to catch up to be reliable.

NotFinancialAdviser · Answer

39.5 million buybacks have been smashed in, this wave is a bit intense ah

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The trading volume on the RWA side is really explosive, INJ is serious this time

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7 dollars is stuck, if it can&#39;t break, I feel like we have to wait a bit longer

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To be honest, I&#39;m optimistic about the RWA market, just don&#39;t know if it can hold on until the end of the year

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This tactic of buybacks suppressing circulating supply is used every time, it won&#39;t be another back-and-forth will it

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As long as it stabilizes above 5 dollars, it&#39;s fine, just don&#39;t fall anymore, I can&#39;t take it

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Is the trading volume really breaking 6 billion? This data is a bit exaggerated

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If 7 dollars really breaks, there is indeed room for imagination afterwards

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The project party is smashing so much money, there must be some returns, waiting for a breakthrough

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I feel like this technical position is a bit dangerous, not in a hurry to catch a falling knife

AirdropHunterXiao · Answer

39.5 million buyback? This move is quite aggressive, just don’t know how long it can last.

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RWA is really picking up, 6 billion in volume indicates that someone is playing seriously.

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A rebound at 5 dollars is interesting, but the 7 dollar mark still feels a bit precarious.

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To put it bluntly, it all depends on whether it can hold steady later; otherwise, this wave would be in vain.

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The contract market is so hot, why is the coin price still so weak? It’s a bit puzzling.

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If you ask me, wait a bit to enter a position, don’t get played for suckers.

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What does a 3% rebound mean? We need to see if it can hold above before celebrating.

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The project party is throwing money into buybacks, while retail investors are still cutting losses; this is quite the disparity.

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From the big dump to now, it’s just over 5 dollars; there’s room for imagination, but the risks are not small.

WalletInspector · Answer

39.5 million has been bought back and still no sight of 7 dollars, how strong does this price have to be?

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The RWA area is indeed a highlight, but honestly, it still depends on whether it can be converted into real demand.

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Are we excited about a 3% Rebound? Let&#39;s wait until it breaks 7 before we talk.

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Circulating Supply compression + buyback, it looks like it&#39;s supporting in market.

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Charging towards 14 dollars by the end of the year? Let&#39;s first get over the hurdle of 7 dollars before we talk big.

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60 billion volume sounds impressive, but how real is it?

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Stabilizing at 5 dollars is progress, but can this Rebound last?

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With such strong buyback efforts, it still can&#39;t go up, which is somewhat awkward.

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7 dollars is the watershed, everything below is just noise.

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How long can the enthusiasm for the RWA concept be maintained? That&#39;s key.