$INIT TRYING TO RECLAIM UPSIDE – BUT VOLATILITY REMAINS HIGH
$INIT/USDT is trading at $0.7339, showing a modest +5.52% gain as bulls attempt to bounce from recent lows. However, price remains stuck below key resistance, and volume lacks conviction.
Key Technical Levels
• Resistance:
• $0.7400 – Immediate hurdle
• $0.7520 – Mid-range resistance
• $0.7660 – 24h high and strong supply zone
• Support:
• $0.7270 – Local support
• $0.7200 – Breakdown level
Bullish Targets (if momentum holds):
• TP1: $0.7400
• TP2: $0.7520
• TP3: $0.7660
Bearish Targets (if support breaks):
• TP1: $0.7270
• TP2: $0.7200
A sustained push above $0.7400 could invite a fresh leg higher, but failure to hold $0.7270 risks another drop toward the $0.7200 zone. Keep an eye on volume for confirmation.