Injective crypto rallies 10% after Gulf Labs partnership – Can INJ break out?

Injective [INJ] has extended its bullish advances for the fifth day since it bounced off from the 50-day EMA support at around $6.05. At the time of writing, INJ prices had gained by about 10%. The most recent catalyst is a newly announced partnership with Gulf Labs. According to the announcement, Gulf Labs has joined Injective as an institutional validator, strengthening its role in network security and governance. Moreover, the partnership is also set to open avenues for exploring tokenization, stablecoins, and institutional on-chain finance.

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