$INIT Heating Up – Layer 1 Momentum Building Steam!

Current Price: $0.8155 (+26.65%)

24H Range: $0.6200 – $0.8300

Volume: 91.21M INIT | Order Book: 42.23% Buy-side vs 57.77% Sell-side

Chart Recap:

$INIT just broke out from the $0.62 zone, tapping a high of $0.83 before settling slightly below resistance. This Layer 1 gainer has seen a clean bullish structure, printing higher lows and surging with strong hourly candles.

Smart Trade Setup:

Entry Range: $0.790 – $0.810 (ideal retest area)

Targets:

TP1: $0.860

TP2: $0.910

Final TP: $0.975

Stop-Loss: Below $0.765 for risk management

Market Insight:

Despite a slightly heavier sell wall (57.77%), the price action remains bullish with volume support. If $INIT reclaims and holds above $0.83, a new leg could push it toward the $0.90+ zone.