$INIT /USDT BUILDING A BASE SIGNS OF A REVERSAL AHEAD!
$INIT /USDT has bounced off a solid low at $0.8121 and is now stabilizing near $0.8720, gaining +4.57% in the last 24h. After a strong downtrend, the price is now forming a sideways range with short bursts of green candles hinting at potential accumulation before a move higher.
Volume remains decent at 29.21M, and price has respected the $0.8120 support twice. If it holds above this level and breaks past the $0.90 resistance zone, we could see a short-term breakout rally begin.
Trade Setup: Base Formation Reversal
• Entry Zone: $0.8650 – $0.8750
• Target 1 (TP1): $0.9020
• Target 2 (TP2): $0.9235
• Stop-Loss: Below $0.8400
Momentum is gradually shifting keep $INIT on your radar as bulls may soon take control.