$INIT/USDT Update: Currently trading at $0.6818, $INIT shows a modest rebound of +0.19% following a sharp intraday drop from the $0.7459 high. The 15-minute chart suggests a potential bottom forming around $0.6727.
Market Snapshot:
24H High: $0.7459
24H Low: $0.6722
Volume (INIT): 38.58M
Volume (USDT): 27.21M
Technical Overview:
Momentum remains bearish after peaking at $0.7459.
A bounce off the $0.6727 support zone could trigger a short-term relief rally.
Key resistance sits at $0.7010 — a breakout above this could signal a trend reversal.
Trade Setup:
Entry Zone: $0.6800–$0.6840
Target 1 (TP1): $0.7010
Target 2 (TP2): $0.7180
Final Target (TP3): $0.7330
Stop Loss: $0.6680
Pro Tip: Watch trading volume closely above $0.6850 — low momentum could result in another test of the $0.6720 support level.
Trade $INIT Now
