🚀 INIT/USDT – Layer 1 Breakout in Motion!
Initia ($INIT ) is making waves with a +20.11% surge, currently trading at $0.8376, after reaching an intraday high of $0.8789. This Layer 1 token is showing strong bullish momentum, indicating a potential breakout.
📊 Market Snapshot:
Current Price: $0.8376
24H Range: $0.6896 – $0.8789
Volume: Significant trading activity observed
Order Book Sentiment: Buyers hold a slight edge
CoinGecko
📈 Technical Analysis:
Support Zones: $0.7850 / $0.7740
Resistance Levels: $0.8848 (recent high), $0.90, $0.94
Trend: Bullish continuation pattern forming
🎯 Trade Setup:
Entry Zone: $0.835 – $0.845
Stop Loss: Below $0.7740
Take Profit Targets:
TP1: $0.8848
TP2: $0.90
TP3: $0.94
Business Insider
📌 Key Observations:
$INIT is exhibiting strong bullish momentum, with significant volume backing the move.
A breakout above the recent high of $0.8848 could lead to further gains.
Traders should watch for confirmation of the breakout with increased volume and bullish candlestick patterns.
Stay informed and monitor the price action closely. INIT's performance suggests it could be a standout in the Layer 1 space.