$INIT /USDT is on fire! With a jaw-dropping 295.05% surge in the last 24 hours, INIT has exploded from a low of $0.2000 to a high of $0.8099. The price is currently consolidating near the upper end at $0.7901, indicating strong bullish momentum. The 1-hour chart shows a beautiful uptrend with consistent higher highs and higher lows. The 7-period moving average (MA) is trending upward at 0.7412, acting as dynamic support. Volume remains healthy, suggesting that this breakout has solid backing.
This could be just the beginning. The sharp vertical green candle signals a massive interest surge, possibly driven by news or large buy-ins. Traders should watch for a potential breakout past the $0.81 resistance, which could fuel the next leg up. With high volume (over 4.18 billion INIT traded) and strong technical structure, INIT/USDT is lighting up the charts—momentum traders and breakout hunters, keep this on your radar!