$INIT /USDT Layer 1 Gainer Explodes! Can It Hold Above $1.08?
$INIT is surging with strong Layer 1 momentum, now trading at $1.0807 (+29.78%) after a powerful bounce from $0.8127 to a high of $1.2422. Volume is exploding—a breakout continuation could be brewing!
📊 Trade Setup (Breakout Momentum Play):
Entry Zone: $1.07 – $1.10
TP1: $1.16
TP2: $1.24
TP3: $1.30
Stop Loss: $0.96
📌 Support: $0.96
📌 Resistance: $1.24
Market Insight: INIT is leading the Layer 1 gainer list with 114.71M INIT and $118.35M USDT in 24h volume. The bullish engulfing structure and recovery wick signal strong buying interest.
Pro Tip: Wait for a 15m or 30m candle close above $1.24 with high volume to confirm the breakout. Scale profits at key levels and trail your stop for maximum gains.
Layer 1s are heating up—INIT might be your next big breakout play!
Buy And Trade Here On $INIT