INIT Price Update & Technical Overview
📊 Current Price:
$0.3956 — up +13.26% in the last 24 hours
24h High: $0.3959 | 24h Low: $0.3480
📈 Trend Analysis (4H Timeframe):
Recent low of $0.3373 has acted as a strong support level.
Price has been steadily climbing, forming higher highs and higher lows — a classic bullish pattern.
Buying pressure is increasing, as shown by rising volume on green candles.
📉 Moving Averages:
MA(5): $3,503,876.7
MA(10): $3,180,672.1
The shorter-term MA is above the longer-term MA, indicating a bullish crossover.
📊 Volume Insights:
Volume is rising in line with the price action, confirming bullish strength.
24h Volume (INIT): 22.09M — a notable spike in trading activity.
🧠 Outlook & Key Levels:
Short-term momentum is bullish. If volume remains strong, price could test the $0.41–$0.42 resistance zone.
Resistance to watch: $0.4175
Support levels: $0.3596 and $0.3373
A breakout above $0.42 could pave the way for a move toward $0.45–$0.47.
However, failing to hold above $0.39 might lead to a short-term pullback.
📈 Buy and trade with caution — monitor volume and key levels closely.