$INIT Explodes Post-Listing, Eyes $1 Target in the Layer 1/Layer 2 Sector! 🚀🔥

On the 1h timeframe, $INIT currently at $0.7205, surging by an astronomical +260%! The 24h high is $0.7793, with a massive volume of 360M INIT and 237M USDT. The RSI is extremely high, indicating significant overbought conditions after the listing pump.

✅ Key Observation:

Following its recent listing, #INIT has experienced a massive bullish surge and is now aiming for the $1.00 psychological level.

next Next Potential targets:

🎯 $0.7793 (24h high - immediate resistance)

🎯 $1.0000 (key psychological resistance level)

🎯 $1.2000 (potential further resistance if momentum continues)

🛡️Important Support Level (to watch for potential pullback):

🛡️ $0.6000 (potential near-term support zone)

📈 **Potential Price Path in the Next Hours/Days:**

#Initia has seen an explosive price increase following its listing, demonstrating immense initial buying interest in the Layer 1/Layer 2 sector. The immediate target is the 24-hour high of $0.7793. A successful break above this level could fuel further momentum towards the significant $1.00 psychological barrier and potentially extend towards $1.20. However, given the massive initial pump and the extremely overbought conditions, expect significant volatility and a high risk of a sharp correction. Traders should exercise extreme caution and manage risk accordingly.

Trade and buy here on $INIT