$INIT

Ladies and gentlemen, let’s take a closer look at INIT/USDC.

At the moment, the pair is trading around 0.4117, showing an impressive +13.76% increase over the past 24 hours. We’ve already seen a daily high at 0.4234, while the low sits at 0.3505. Right now, the price is consolidating just below resistance after a sharp rally.

Technical overview:

Momentum: The recent strong green candles reflect significant buying pressure and market interest.

Correction: Following the spike, some profit-taking has brought minor red candles into play, which is natural after such a move.

RSI: Currently at 66, suggesting the market is leaning toward the overbought territory, but not yet at extreme levels.

Key price levels:

Support zone: 0.3915 – 0.3800. This is the area to watch if the market pulls back — holding above it would signal strength.

Resistance: 0.4234, the recent peak. A clear breakout above this level, backed by strong volume, could open the door for further upside.

Trading perspective:

Short-term traders should be cautious. Entering at the current price carries higher risk due to the rally that already took place. A potential dip toward 0.39–0.40 could offer a more favorable entry.

Long-term investors may consider scaling in gradually — for example, entering partially now and adding more on any pullbacks.

Risk management: If entering at these levels, a stop-loss slightly below 0.38 would help protect against sudden reversals.

Conclusion:

INIT is showing strong momentum and positive sentiment, but as with every sharp rally, the risk of short-term correction is present. Traders should watch for a retest of support or a confirmed breakout above resistance before committing fully. Patience and disciplined entries will be key here.