$INIT /USDT

Market Insight

$INIT is up +10.44% in the last 24 hours, showing bullish momentum with a recent high at $0.5920. However, it’s now trading below the SAR (0.5862), signaling a potential short-term pullback or consolidation. MACD is still positive (0.0023) with a bullish DIF > DEA, indicating trend strength hasn't fully faded yet.

Volume remains healthy (45.46M INIT), suggesting continued trader interest.

Entry Zone

$0.525 – $0.540 USDT

Wait for a pullback to this demand zone, ideally near the minor support from the prior breakout.

Targets

🎯 Target 1: $0.5920 (recent high / resistance)

🎯 Target 2: $0.6200 (psychological and historical resistance)

🎯 Target 3: $0.6550 (bullish extension)

Stop Loss

🔻 $0.5000 USDT

Below the consolidation support and 24h low ($0.4922)

Key Levels

Support: $0.5470, $0.5158, $0.4922

Resistance: $0.5920, $0.6200, $0.6550

Pivot Zone: ~$0.540

Pro Tip

Price is below SAR, so avoid aggressive longs. Look for bullish reversal candles or volume confirmation near the $0.525–0.540 zone. Consider scaling in and trailing your stop if the price reclaims SAR ($0.5862).

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