$INIT
This token appears to be forming a pennant pattern, whether it's a bullish pennant or a bearish one remains to be seen as we wait for a breakout upwards or downwards. Since this token can still be considered new, predicting the next movement is still somewhat difficult.
For now, it seems likely to rise slightly to test the nearest resistance around the price of 0.71. If it can break through, it will continue to 73 to 78.
But if it fails, it will definitely turn into a bearish pennant.