🚀 $INIT /USDT – After a 360% Rally, What’s Next? Technical Breakdown!

$INIT has stunned the market with an explosive +363.95% move, surging from $0.20 to a high of $0.94 in just 24 hours! This massive momentum makes it one of the hottest Layer 1 coins on Binance right now.

But is the rally sustainable, or are we heading for a pullback? Let’s break it down:

📊 Key Trading Stats:

Current Price: $0.9279

24h High / Low: $0.9447 / $0.2000

24h Volume (INIT): 448M

SAR (0.02, 0.2): $0.6478 – Bullish trend intact

🎯 Technical Targets Ahead:

1️⃣ Pullback Zone: $0.75 – Natural correction level; potential re-entry point if support holds

2️⃣ Support Base: $0.64 – Aligns with SAR; strong zone for accumulation

3️⃣ Breakout Target: $1.05 – If INIT breaks above $0.95 with volume, $1+ becomes highly likely

📈 Strategy Insight:

Short-term traders: Monitor $0.94 resistance; breakout = momentum continuation

Long-term outlook: If INIT stabilizes above $0.75, structure remains bullish

Risk note: After such a parabolic move, expect volatility – manage risk wisely

Will INIT be the next $1+ L1 token on Binance? Let us know your thoughts!

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