$INIT /USDT – Layer 1 Surge in Progress!
+17.20% Daily Gain | Bulls Aim for $0.9019
Momentum Analysis:
INIT is catching fire with a strong Layer 1 narrative backing it. A swift move from the $0.74 low to a current high of $0.8848 shows clear accumulation and breakout momentum.
Long Setup:
Entry Zone: $0.8267 – $0.8746
Targets:
T1: $0.9019
T2: $0.945
T3: $1.02
Stop Loss: $0.7515
Breakout Confirmation Level: $0.8848
Key Support: $0.7515
Pro Tip for Traders:
INIT’s Layer 1 traction is building across DeFi circles. Keep an eye on trading volume and depth clusters around $0.8746 — it’s a potential springboard zone. Look for a strong candle close above $0.9019 to confirm next leg up.
Trading Data Snapshot:
Current Price: $0.871 (+17.20%)
24h High / Low: $0.8848 / $0.7432
24h Volume: 50.52M INIT / 41.33M USDT
Order Book Depth:
Resistance: $0.9019, $0.945
Support: $0.8267, $0.7515
Timestamp: 2025-05-10 10:00