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.