⚡$INIT /USDT – April 26, 2025

🟢Category: Layer 1/ Layer | Strong Bullish Momentum

📉Price: $0.8075 (+16.74%)

🔼24H High: $0.9857 | 🔽24H Low: $0.6502

🔁24H Volume (INIT): 244.39M | 💵Vol (USDT): $204.72M

📊INIT Price Analysis & Key Levels

🔹Support: $0.6502

🔹Resistance: $0.9857

📌Mid-Range Zone: $0.8075 – testing key levels, bullish continuation.

🧭SAR Analysis:

➖SAR dots indicate a clear upward momentum, suggesting continued bullish pressure.

📉Bollinger Bands Insight:

Upper: $0.9857 | Mid: $0.8075 | Lower: $0.6502

Price is nearing the upper band, signaling a breakout potential towards resistance.

🟢Bullish Scenario:

✔️If price stays above $0.8075, expect a breakout toward $0.9857 resistance.

✔️A break above $0.9857 could propel price further to $1.05 or higher.

🔴Bearish Scenario:

❌A pullback below $0.8075 could signal a retest of the $0.6502 support.

❌If price drops below $0.6502, expect further downside risk.

🎯Trading Strategy: Breakout Play

🛒Spot Trading

Buy Zone: $0.8075 – $0.9857

🎯Targets: $1.05 | $1.10

⛔Stop Loss: $0.6502

⚡Futures Trading

📈Long Setup

🔹Entry: $0.8075 – $0.9857

🎯Targets: $1.05 | $1.10

⛔Stop Loss: $0.6502

📉Short Setup

🔹Entry: $0.9857

🎯Targets: $0.8075 | $0.6502

⛔Stop Loss: $1.10

⚠️Risk Management

✔️Above $0.9857, confirm breakout for higher targets.

✔️If price retraces below $0.8075, consider re-entry after confirmation.

📌Summary

$INIT/USDT is in a strong bullish trend with significant volume support. A breakout above $0.9857 is expected, targeting higher levels.

❓Will $INIT continue its surge, or will it face resistance at $0.9857?

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