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💡 Quick Technical Analysis:
✅ After a sharp drop to 0.6804, INIT managed to form a solid support base, with a clear rebound and stabilization near 0.90, indicating strong buying power in this area.
✅ The Relative Strength Index RSI (6) is at 60.84 – indicating moderate buying momentum, without clear overbought conditions, meaning there is room for continued upward movement without immediate reversal concerns.
✅ The MACD shows a noticeable improvement: the DIF line has begun to move upward away from the DEA, with a slight positive MACD (0.0036), suggesting the possibility of a new buying wave soon.
📊 Trading volume has seen a significant increase alongside recent upward movements, indicating growing interest in the stock after stabilization.
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🚀 Expected Scenario:
If INIT successfully breaks through the 0.93 – 0.935 area (the highest level in the last 24 hours), we may witness a rapid move towards:
✅ 0.9857 (the last peak)
✅ Then targeting 1.00 as a psychological target and strong upcoming resistance.
However, if it fails and breaks the nearby support at 0.88, the price may return to test:
✅ 0.83
✅ And perhaps 0.80 as a strong short-term support.
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🔥 Is INIT poised for the next price explosion?!
The analysis indicates a clear increase in positive momentum with good stabilization above short-term averages, and any clear break of the current resistance could pave the way for new higher levels!
📢 In your opinion, will we see INIT take off above one dollar soon? Share your predictions!
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📌 Important Tips:
🔹 Monitor the MACD line crossover closely, and confirm signals with trading volume.
🔹 Don't enter the market with emotion – use smart stop-loss orders to avoid risks.
🔹 Utilize entry segmentation techniques to multiply profit opportunities and reduce risk.
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