Injective Trades Below $7.33 Neckline as $13.40 Projection Remains Conditional

Injective (INJ) traded at $7.07 on Binance spot Oct. 10, below a $7.33 neckline tied to a conditional $13.40 cup-and-handle projection, leaving the bullish scenario dependent on a recovery above nearby resistance. Ali Martinez identified Oct. 5 a cup-and-handle breakout in Injective and a retest of the neckline near $7.33. He said defending that level while momentum improved could point toward $13.40. The bullish setup could regain relevance if INJ moves above resistance spanning $7.21 to $7.35. A break below $6.70 would put the 50-day simple moving average near $6.44 in focus.

Source: TokenPost