$INIT /USDT just delivered a stunning +27.75% surge, peaking at $0.6102. The explosive move on the 15-minute chart lit up the crypto space, driven by massive momentum and strong trading volume.
The Pump:
INIT rallied hard, giving holders a powerful intraday move. At the height of the surge, 122.50M INIT changed hands, with total volume reaching $61.85M USDT — signaling real market interest.
The Dump:
After the spike, heavy profit-taking kicked in, dragging INIT back down to the $0.5059 area — a sharp pullback from local highs.
Current Setup:
• Price: $0.5107
• 24H Gain: +29.22%
• Key Resistance: $0.55
• Key Support: $0.48
Outlook:
INIT is hovering near crucial support. A reclaim of $0.55 with volume could trigger another leg up. A breakdown below $0.48 may extend the correction.
Trade Plan:
Long Entry (on reclaim): $0.5500+
TP1: $0.5900
TP2: $0.6100
Stop Loss: $0.4800
