🌩️ $INIT /USDT – May 10, 2025 Market Update

🏷️ Category: Layer 1 / Layer Gainer

💰 Price: $0.8399 (▲ +19.30%)

📈 24H High: $0.8848 | 📉 24H Low: $0.6879

🔄 24H Volume: 52.87M INIT | 💵 USDT Volume: $42.30M

📊 INIT Price Analysis & Key Levels

🔹 Resistance Levels: $0.8848 / $0.9270

🔹 Support Levels: $0.7930 / $0.6879

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $0.6879 – High $0.8848):

38.2% – $0.8083

61.8% – $0.7643

Pivot – $0.8250

🔸 ATR (14D): ±$0.078

📉 Expected Swing Range: $0.761 – $0.917

🚀 Bullish Scenario

✅ Holding above $0.808 (38.2%) may invite buyers to push toward $0.927

✅ Breaking above $0.8848 (local high) could trigger breakout continuation

⚠️ Bearish Scenario

❌ Losing $0.793 support may drag price to $0.764 or lower

❌ Failure to reclaim pivot zone ($0.8250) could weaken bullish momentum

🎯 Trading Strategy – Bullish Bias

🛍️ Spot Trading

Buy Zone: $0.800 – $0.825

🎯 Targets: $0.8848 / $0.9270

⛔ Stop-Loss: $0.764

⚡ Futures Trading

📈 Long Setup

Entry: $0.810 – $0.828

🎯 Targets: $0.885 / $0.925

⛔ Stop-Loss: $0.780

📉 Short Setup (if rejection at $0.927)

Entry: $0.926

🎯 Target: $0.825

⛔ Stop-Loss: $0.945

🛡️ Risk Management & Alerts

Strong upward trend—trailing stops advised above 5% gain. Protect profits at key resistance.

✨ Unique Insight

📊 VWAP = $0.8224 — INIT remains above VWAP, signaling institutional accumulation. A dip toward VWAP may attract fresh entries.

📌 Summary

INIT’s breakout from the $0.68 base confirms strong buyer interest. Watching for consolidation above $0.825 to maintain bullish structure.

❓Can INIT ignite a fresh Layer 1 rally or face resistance at $0.93?

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