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💡 Quick technical analysis:
✅ Strong vertical rise: INIT surged from a low of 0.2000 to a peak of 0.9857 within a short period, achieving massive gains exceeding 390%.
✅ Natural correction and stabilization: After reaching the peak, the price returned to stabilize currently around 0.8719, which may represent a retest of the upper areas before launching again.
✅ RSI at 40.95 – does not show overbought or oversold conditions, indicating there is room for movement in both directions, with a slight preference for upward rebound.
✅ The MACD is slightly negative (DIF: -0.0026, MACD: -0.0079), indicating a temporary calm in momentum, but any upcoming bullish crossover could be an early signal for a positive reversal.
📊 The volume has decreased after the strong rise, which is normal behavior after a sharp uptrend, and the decline in liquidity may be preparation for a new accumulation.
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🚀 Expected scenario:
If the price returns to test the previous peak at 0.9857 and successfully breaks through, the next targets will be:
✅ 1.10
✅ Then 1.25
✅ And perhaps 1.50 in the medium term, especially if the buying momentum returns clearly.
In the case of a drop, the first support is at 0.80 – 0.78 and then at 0.6793, breaking these may bring the price back to 0.60.
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🔥 Are we in an accumulation phase before the explosion?
The indicators show a temporary calm after a fiery rise. This pullback may be an opportunity to follow up from attractive support areas, especially if the whales return with new liquidity!
📢 What do you think? Do you believe INIT will exceed 1.00 in the coming days?
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📌 Important tips:
🔹 Watch previous peaks – any breakout accompanied by strong volume is a strong entry signal.
🔹 Don't overlook support at 0.80 – it could represent a smart entry area with a limited stop loss.
🔹 Be prepared for volatility – take your profits partially and don't forget to manage risk.