The crypto markets are heating up again, and one standout performer today is $INIT, a Layer 1 blockchain token that's making waves with an explosive price rally. Currently trading at $1.1411, $INIT has surged by +39.61% in the last 24 hours, drawing massive attention from both retail and institutional investors.

This surge marks a strong rebound from its 24-hour low of $0.8147, showcasing bullish momentum that’s hard to ignore. The token briefly touched a 24-hour high of $1.2422, just shy of breaking a key resistance level, and now finds itself consolidating near that zone—setting the stage for what could be another significant move.

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Bullish Trade Setup: Eyes on the Breakout

For those looking to enter this trade, here’s a suggested bullish setup based on the current market structure:

Entry Zone: $1.10 – $1.16

Take Profit Targets:

TP1: $1.24 (near-term resistance)

TP2: $1.36 (next leg up)

TP3: $1.48 (extended rally target)

Stop Loss: $0.98 (below key support and invalidation of bullish structure)

This setup allows for a calculated entry with multiple exit strategies. Conservative traders might aim for TP1, while more aggressive holders could target higher levels depending on broader market strength.

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Volume Confirms Strength

What’s especially compelling is the volume behind this move—over 119.03 million INIT traded, with a USDT turnover of $123.98 million. This kind of activity is not just a random pump; it’s backed by serious interest and liquidity, which often precedes sustained price action.

With this level of volume, $INIT isn’t just experiencing a spike—it’s entering a potential breakout phase. If it manages to break above the $1.25 resistance with a strong 15-minute candle close and sustained volume, we could see a continuation to higher price levels.

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Fundamentals: The Layer 1 Narrative

What makes $INIT even more attractive is its position in the Layer 1 narrative—a sector that's consistently shown resilience and growth in bull cycles. As investors look for scalable, efficient, and interoperable blockchain solutions, projects like INIT become prime candidates for capital rotation.

Its underlying technology, network activity, and recent ecosystem developments have contributed to the renewed interest. If the broader Layer 1 trend continues, $INIT could remain a strong outperformer.

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Pro Trading Tips for $INIT Bulls

Watch for Confirmation: A 15-minute candle close above $1.25 on high volume is your breakout confirmation. Don’t chase—wait for confirmation if you’re not already in.

Scale Profits Smartly: Take partial profits at each target. Lock in gains while leaving room for higher moves.

Use Trailing Stop-Loss: After TP1 is hit, consider using a trailing stop-loss to protect profits and stay in the move longer.

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Currency Exchange (For Global Traders):

As of current rates, $1.1411 INIT equals approximately:

₹95.10 INR

€1.06 EUR

£0.91 GBP

Keep in mind, crypto prices and exchange rates are volatile and should be checked in real-time on your trading platform or trusted forex converter.

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Final Thoughts: Ride the Rocket or Wait for the Dip?

The question now is — are you riding the $INIT rocket, or waiting for a potential dip to enter? With the combination of bullish price action, volume support, and sector strength, $INIT is undeniably one of the top tokens to watch right now.

As always, DYOR (Do Your Own Research), manage your risk, and trade wisely.

Trade smart. Stay updated. And may the bulls be with you!

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Buy & Trade $INIT now on your favorite platform.

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