$INIT /USDT – Pullback Opportunity in Layer 1 Token
$INIT is currently trading at $1.15 (-0.68%), showing signs of consolidation after a recent high at $1.2117 and a low of $1.0461. Trading volume remains solid with 42.04M INIT and $47.34M USDT exchanged in the last 24h, indicating steady market interest. Key support rests at $1.0461, with strong depth demand at $0.8959–$1.0949, while resistance clusters near $1.2939–$1.4930. Watch for a clean breakout above $1.2117 to confirm renewed bullish momentum. Ideal for range traders targeting swing plays within this volatile Layer 1 setup.