📊 $INIT

/USDT Technical Analysis – Short-Term Outlook 🔍

INIT has shown strong bullish momentum, currently trading at $0.5780 (+18.27%). Here's a quick technical breakdown:

📈 Price Action & Indicators:

24h High: $0.5821

24h Low: $0.4682

MA(7): $0.5604 – bullish short-term signal

MA(25): $0.5087

MA(99): $0.6331 – potential resistance ahead

🎯 Short-Term Targets:

1. Target 1: $0.60 – Minor resistance, key psychological level

2. Target 2: $0.63 – In line with MA(99), strong technical barrier

3. Target 3: $0.68 – Breakout level with volume confirmation

💡 Summary: INIT is showing a breakout structure with strong volume (46.62M INIT traded). Watch for a pullback to MA(7) for possible entry. Break above $0.63 could trigger next leg up.

📍Only for educational purposes – not financial advice.