Here's a sample technical analysis post for INIT/USDT on Binance, including price action insight and 3 target levels:
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Technical Analysis – $INIT
/USDT (Binance)
Current Price: $0.7253 (+3.84%)
24h Range: $0.6852 – $0.7980
24h Volume: 48.23M INIT / 35.54M USDT
INIT has shown a strong rebound from the recent 24h low of $0.6852, currently trading at $0.7253. The 15m to 1H momentum suggests bullish consolidation near resistance. Short-term moving averages (MA60 at $0.7341) are closing in, indicating a potential breakout if volume sustains.
Key Technical Levels & Targets:
1. Target 1: $0.75 – Initial resistance, aligning with recent candle highs and short-term MA. A breakout here confirms bullish continuation.
2. Target 2: $0.7980 – The 24h high and a psychological resistance zone. If breached, it signals strong buying interest.
3. Target 3: $0.85 – Extension target from current momentum, possibly achieved if overall market sentiment remains bullish and volume spikes.
Indicators to Watch:
Volume Surge – Current volume is healthy; continued rise confirms trend strength.
MA Cross – If MA(5) crosses MA(10) on higher timeframes, expect acceleration upward.
Support Zone: $0.7100 – $0.6850
Stay alert, set stop-loss wisely, and manage risk. INIT is showing potential — monitor for confirmation above $0.7350.
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