$INIT /USDT – Strong Momentum with Potential Continuation

$INIT is currently in a strong uptrend, posting nearly +20% gains in the last 24h. It just tapped the 1.0440 zone – its recent high – and volume is surging. Based on the chart data:

Current Market Context:

Price: $1.04

24h High: $1.0440

Support Zone: $0.96 – $0.98

Resistance/Head Zone: Around $1.10 – $1.15, where previous supply may sit.

Trend: Bullish

Volume: High and rising, indicating active interest.

Next Move Potential:

If price closes above $1.05 with volume, it may attempt a breakout toward:

Short-Term Target 1: $1.10

Target 2: $1.15

Extended Move: $1.23 – $1.28 (if momentum sustains)

However, if $1.04 – $1.05 gets rejected, it may revisit support at $0.96–$0.98 before consolidating.

Trading Bias:

Bullish, as long as price holds above $0.98

Caution: Look out for a bearish divergence or volume drop near $1.10 zone – that could indicate