$INIT /USDT – SHORT-TERM RELIEF AFTER HEAVY DUMP

$INIT /USDT is trading at $0.6818, showing a slight recovery of +0.19% after a sharp intraday drop from the $0.7459 peak. The 15-minute chart indicates a potential base forming near the local bottom of $0.6727.

Market Snapshot:

24H High: $0.7459

24H Low: $0.6722

Volume (INIT): 38.58M

Volume (USDT): 27.21M

Technical Insight:

Strong bearish trend seen after topping out near $0.7459.

A minor support bounce at $0.6727 could lead to a relief rally if sustained.

Resistance lies near $0.7010 – a reclaim above this level may indicate a trend reversal attempt.

Trade Setup:

Entry Zone: $0.6800–$0.6840

TP1: $0.7010

TP2: $0.7180

Final TP: $0.7330

Stop Loss: $0.6680

Pro Tip: Monitor volume on any move above $0.6850 — weak momentum may lead to a retest of $0.6720 support.

Buy & Trade Here on $INIT

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