#INIT
๐ Current Price:
$0.3956
+13.26% in the last 24 hours
24h High: $0.3959
24h Low: $0.348
๐ Trend Analysis (4H Timeframe):
Recent Low: $0.3373 (strong support level)
Price has been on a clear uptrend since hitting this low.
Formed a series of higher lows and higher highs, which indicates bullish momentum.
Volume is increasing, especially on green candles โ buying pressure is strengthening.
๐ Moving Averages:
MA(5): $3,503,876.7
MA(10): $3,180,672.1
Shorter MA is above longer MA โ bullish crossover signal.
๐ Volume Insights:
Volume bar activity is rising, aligning with price โ confirming trend strength.
24h Volume (INIT): 22.09M โ significant activity.
๐ง Conclusion:
Short-term: Bullish momentum, likely to test resistance around $0.41โ$0.42 if volume sustains.
Watch for:
Resistance at $0.4175
Support at $0.3596 and $0.3373
Breakout above $0.42 could signal continuation to $0.45โ$0.47.
Failure to hold $0.39 might trigger a pullback.
buy and trade