Injective bulls battle to protect $6.41 support – But sellers have the upper hand

Injective [INJ] is a buying opportunity now, wrote popular crypto analyst and trader Ali Martinez. In the aftermath of the $6.3 billion Binance heist, the crypto market appeared to be on sale. The altcoin has broken out past a cup-and-handle pattern. At the time of writing, the breakout area around $6 was being tested as support. If this demand zone is defended, the analyst expects a bull run towards $18. Apart from technicals, he also cited the Injective expansion into real-world assets and privacy-focused infrastructure. Moreover, 47% of the INJ supply has been staked.

Source: AMBCrypto