๐Ÿ”ฅ $INIT on Fire! But Is the Steam Fading?

$INIT just made a serious move โ€” up +24.4% in the past 24 hours, hitting a high of $1.2422 before cooling off to around $1.0815.

๐Ÿ“Š Price Action Breakdown (1H Chart):

โœ… Bullish surge from $0.78 to $1.24

โš ๏ธ Now consolidating with lower highs and flat support at $1.03

๐Ÿงฏ Volume cooling + slight increase in sell-side pressure (๐Ÿ“‰ Order Book: 53.2% Sell)

๐Ÿ” Trend Insight:

The rally was strong and steep, but weโ€™re seeing classic signs of a pullback.

If $1.03 breaks, $INIT might retest $0.93โ€“$0.95.

Holding above $1.10 could restart the rally, especially with renewed volume.

๐Ÿ“ˆ Short-Term Outlook:

Neutral to slightly bearish unless it bounces with volume.

Good time to wait for confirmation before re-entry.

๐Ÿง  Smart Move?

Let the consolidation play out. If $1.03 holds strong and flips into demand again, bulls may get another chance.

๐Ÿ“Œ Disclaimer:

This is not financial advice. The market is volatile โ€” always do your own research and use proper risk management. Trade responsibly.

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