🧱 $INIT /USDT – From Breakdown to Bounce! Can Bulls Sustain the Move? 🔁

INIT bounced hard from $0.4682, reclaiming MA(7) and now hovering around $0.5491. Short-term momentum is shifting, but significant resistance lies ahead at MA(25) – $0.5699 and MA(99) – $0.6764. A close above $0.570 would open the gate for a broader recovery.

📊 Technical Snapshot (4H):

MA(7): $0.5394 ✅

MA(25): $0.5699 🔄

MA(99): $0.6764 🔻

Support: $0.5239 / $0.4682

Resistance: $0.5699 / $0.6108

📈 Short-Term Trade Plan:

🔹 Entry: $0.5350 – $0.5490

🔹 TP1: $0.5690

🔹 TP2: $0.6100

🔹 SL: $0.5150

🚀 Swing Setup (Trend Reversal Scenario):

🔸 Entry: $0.5300 – $0.5500

🔸 TP1: $0.6100

🔸 TP2: $0.6750

🔸 TP3: $0.7400

🔸 SL: Close below $0.5000

💡 Note: A breakout above the 25EMA on increasing volume could trigger a retest of $0.610+. Still, tread carefully — strong resistance remains.

#INIT #INITUSDT #Layer2 #CryptoSignals #AltcoinWatch $INIT