$INIT /USDT – Bullish Setup Forming at Support!
$INIT has pulled back -3.00% to a key support zone near $0.5600. With strong Layer 1 fundamentals and 24h volume of 24.33M INIT, momentum is coiling for a potential breakout rebound.
Long Setup
• Entry Zone: $0.5700 – $0.5850
• Targets:
• T1: $0.6230
• T2: $0.6610
• T3: $0.7000
• Stop Loss: $0.5470
A breakout confirmation will come on a move above $0.6000, while holding above $0.5600 is key for bullish continuation.
Pro Tip: Watch order book depth near $0.570—buy-side stacking could hint at institutional accumulation before a push toward $0.66+.