$INIT /USDT – Bounce in Progress After Deep Pullback

Current Price: $0.5015

24h Change: +20.18%

24h High: $0.6102

24h Volume: 121.54M INIT

Category: Post-Dip Reversal Play

$INIT has rebounded from the $0.4763 low after a steep correction from its $0.61 peak. The structure is now forming a potential higher low with good volume support. Break above $0.5050 could trigger another leg up.

Support Zones: $0.4930 → $0.4840

Resistance Ahead: $0.5050 → $0.5215 → $0.5450

Trade Setup

Entry Zone: $0.4990–$0.5020

Stop Loss: Below $0.4910

Target 1: $0.5120

Target 2: $0.5210

Target 3: $0.5450

Momentum building fast. Ideal for mid-term scalpers looking for 8–12% swings.

Buy and trade $INIT