Is INIT preparing for a new upward wave? Technical analysis reveals increasing momentum despite the current volatility!
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💡 Quick technical analysis:
✅ After a sharp drop to the level of 0.6804, INIT managed to form a solid support base, with a clear rebound and stability near 0.90, indicating good buying strength in this area.
✅ The Relative Strength Index (RSI) (6) at 60.84 – indicates moderate buying momentum, without clear overbought conditions, meaning there is room for continued upward movement without immediate reversal concerns.$PEPE
✅ MACD shows a noticeable improvement: the DIF line has begun to move upward away from the DEA, with a slight positive MACD (0.0036), hinting at the possibility of a new buying wave soon.
📊 Trading volume has seen a noticeable increase coinciding with recent upward movements, confirming 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 a strong resistance ahead.
However, in case of failure and breaking the nearby support at 0.88, the price may return to test:
✅ 0.83
✅ And perhaps 0.80 as a strong short-term support.
INIT
0.8935
+9.48%
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🔥 Is INIT ready for the upcoming price explosion?!
The analysis indicates a clear increase in positive momentum with good stability above the short-term averages, and any clear break of the current resistance may pave the way for new higher levels!
📢 In your opinion, are we witnessing the rise of INIT 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.
🔹 Do not enter the market with emotions – use smart stop-loss orders to avoid risks.
🔹 Take advantage of entry segmentation techniques to multiply profit opportunities and reduce risk.
#InitiaCoin #BinanceAlphaAlert #EthereumFuture #BinanceHODLerSIGN
