According to AMBCrypto, Injective has broken out of a cup and handle pattern. The cryptocurrency’s price movement occurred after the pattern formed, leading analysts to note that defense of the breakout area around $6 is critical. If the level near $6 holds, a rally toward $18 is considered likely based on the observed pattern structure.
The article describes a situation in which market participants identified as “bulls” are attempting to protect the support zone around $6.41, while sellers appear to be exerting greater influence at present. Despite the effort to uphold support, the narrative indicates that sellers currently have the upper hand in price action.
