$INIT Showing Signs of Exhaustion – Pullback Underway!

$INIT just surged from a low of $0.6200 to a high of $0.8990, marking a strong bullish rally. However, price is now retracing and holding around $0.8021 with a visible slowdown in momentum.

Quick Snapshot:

Current Price: $0.8021

24H High / Low: $0.8990 / $0.7275

RSI (1H): 27.76 — entering oversold territory

Volume: 85.66M INIT

Key Levels to Watch:

Support: $0.7650 – $0.7270

Resistance: $0.8450 – $0.8990

Trade Setup:

Entry Zone (Reentry Opportunity): $0.7700 – $0.8000

TP1: $0.8450

TP2: $0.8990

Stop-Loss: Below $0.7270

With RSI nearing oversold and a solid base forming, $INIT may soon rebound. Wait for confirmation before re-entry.