🌩️$INIT /USDT – May 04, 2025

🔧Category: Layer 1 / Layer

💰Price: $0.7545 (▲+6.95%)

📊24H High: $0.7700 | 📉24H Low: $0.6852

🔄24H Volume (INIT): 41.13M | 💵Vol (USDT): $29.57M

📈Price Analysis & Key Levels

🔹Resistance: $0.7700 / $0.8000

🔹Support: $0.7200 / $0.6850

📐Market Insights:

🔸Fibonacci Retracement

Swing: $0.6852–$0.7700

Levels: $0.7380 (38.2%) | $0.7275 (50%) | $0.7170 (61.8%)

🔸ATR Volatility Index

14-ATR: $0.042

Projected Swing Range: $0.7100–$0.7950

📈Bullish Scenario:

✅Holding above $0.7380 can fuel a move to $0.8000

✅Consolidation above $0.7200 keeps short-term trend bullish

📉Bearish Scenario:

❌Drop below $0.7200 could trigger pullback to $0.6850

❌Failure to break $0.7700 may result in short-term rejection

🎯Trading Strategy: Bullish-Neutral Bias

🛍️Spot Trading

Buy Zone: $0.7200–$0.7350

🎯Targets: $0.7700 / $0.8000

⛔Stop-Loss: $0.6850

⚡Futures Trading

📈Long Setup

Entry: $0.7280

🎯Targets: $0.7650 / $0.7950

⛔Stop-Loss: $0.7000

📉Short Setup

Entry: $0.7700

🎯Targets: $0.7380 / $0.7200

⛔Stop-Loss: $0.8000

🛡️Risk Management & Alerts

Maintain tight stop-loss if buying near resistance. $0.7200 is critical for trend reversal monitoring.

🔎Unique Insight:

📊VWAP rests near $0.7350—this midpoint may serve as an intraday magnet level.

📌Summary

$INIT shows short-term bullishness, with support forming near $0.7200. A break and hold above $0.7700 could extend the rally.

❓Will $INIT hold above VWAP and gain enough volume to retest $0.8000?

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