💡 Quick technical analysis:
✅ A rocket launch from $0.20 to $0.98 in just a few days! Then a healthy pullback brought the price back to $0.74, representing a strong support entry opportunity.
✅ RSI at 44.22 – in the safe zone, meaning the coin is not overbought, and has plenty of room to launch again!
✅ MACD has started to turn positive (0.0008), an early signal of the beginning of a new bullish momentum that could ignite the next wave!
✅ The price is close to the moving average MA(10), which supports the launch scenario if liquidity enters.
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🚀 Expected scenario:
If we break $0.85 again, we may see a quick return towards $1.00 and then $1.10.
However, in case of a pullback, the $0.70 - $0.72 area could form ideal support for re-buying or accumulation.
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📊 Are we witnessing the formation of an explosive pattern?
🔍 The "Bullish Flag" pattern may be forming right now! After a strong upward movement, the price entered a narrow sideways channel – a classic signal of the market's readiness for a big move.
Breaking this flag upwards = potential price explosion easily surpassing $1.00!
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🚨 Supporting signals from indicators:
Low RSI → Open upward potential!
MACD is close to a bullish crossover → Positive momentum beginning soon!
Trading volumes are stable → Could be a consolidation phase before a strong launch.
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🎯 Upcoming movement predictions:
First target: $0.85 (important break)
Second target: $0.98 (previous peak)
Potential third target: $1.10+
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💬 My personal opinion:
INIT is alive
A pivotal moment! The correction that occurred seems healthy, and the price is now moving in a very attractive accumulation zone.
Technical indicators support a rebound, and the market seems to be preparing for a strong upward movement.
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✅ Final advice:
Use a stop loss below $0.70 for protection.
Don't enter with all your liquidity at once – distribute your positions wisely!
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📢 Do you think INIT will surpass $1.00 this week? Share your opinion and predictions!