$INIT /USDT – Layer 1 Token Showing Bullish Momentum!
INIT is currently trading at $0.6245 (+5.85%), showing strength after bouncing from the 24h low of $0.5431 and approaching the 24h high of $0.6441. The 24h volume stands at 30.81M INIT (≈$18.46M USDT), indicating active trading interest. Price is hovering near a key liquidity layer at $0.6269, with visible depth resistance at $0.6492 and support at $0.6047. Momentum indicators like MACD and EMA on the 4H suggest bullish divergence, while volume confirms buyer strength. A sustained move above $0.6441 could confirm a breakout toward $0.68 and $0.72. Traders should watch for pullbacks to the $0.6047–$0.5825 zone for potential re-entries. Keep an eye on the 15m and 1H candles for short-term confirmations.