$INIT cooled off after reaching a peak of $0.9857, now pulling back to $0.7904 with a daily drop of -1.50%. The 4H chart shows signs of profit-taking after a vertical rally off the $0.2000 base. Despite the dip, this move is still considered a healthy retracement watch for a bounce near key support.
Quick Snapshot: • 24H High: $0.8990
• 24H Low: $0.7722
• Volume: 78.27M INIT
• Current Price: $0.7904
$INIT Support Levels to Watch:
• $0.7720 – minor intraday support
• $0.6793 – key pullback zone
• $0.5064 – major support from previous base
Bullish Take-Profit Targets:
• TP1: $0.8520
• TP2: $0.8990
• TP3 (Final Target): $0.9850
If $INIT holds above $0.7720 and reclaims $0.8520, bulls may attempt another leg higher toward $0.9850. Keep this one on your watchlist for reversal signs!