$INIT Rallies Over 10%, Testing $0.48 Resistance

INIT is trading at $0.4763, up +10.46% in the past 24 hours, climbing from its recent low of $0.4199. Price is approaching the 24h high of $0.4838, with intraday momentum briefly spiking to $0.4856. The 24h trading volume is 17.41M USDT (38.04M INIT), indicating strong buyer participation.

Long Entry Zone: $0.4740 – $0.4830

Stop Loss: Below $0.4690

Targets:

TP1: $0.4856

TP2: $0.4900

TP3: $0.5000

A confirmed breakout above $0.4838 could open the path toward $0.49–$0.50 levels, while rejection here may trigger a pullback toward $0.4620 – $0.4690 before another bullish attempt.

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