🧠 $INIT /USDT — Technical Analysis (1H)

Current Price: $0.5521

Trend: Still bearish overall, but showing signs of a potential short-term reversal.

📊 Moving Averages:

MA 7: 0.5462 (price recently reclaimed this level)

MA 25: 0.5284 (a bullish crossover occurred — short-term momentum shift)

MA 99: 0.6236 (still far above — long-term downtrend not yet broken)

🔍 Key Insights:

After a strong downward leg, INIT is attempting a relief rally.

Price is currently testing the $0.55–$0.56 zone, which may act as a short-term resistance.

If buyers push it above $0.56, a move toward $0.58–$0.60 could follow.

Rejection here could trigger another retest of $0.52 support.

📌 Summary:

Short-term bias: Mild bullish

Mid-term trend: Still bearish until price breaks above $0.62+

Strategy: Caution for bulls — wait for a strong hourly close above $0.56 to confirm continuation. If you’re already in, consider trailing stops.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!