Here's a technical analysis of $INIT /USDT from the 15-minute chart you shared:

Price Snapshot:

Current Price: $0.7626

24h Change: +281.30%

24h High / Low: $0.7793 / $0.2000

24h Volume (INIT): 406.38M

MA(5): $1.82M | MA(10): $2.17M

Trend Analysis:

Overall Momentum: Strong bullish breakout with high volume.

Recent Price Action:

After dipping to $0.6501, INIT has made a higher low and is now pushing toward resistance around $0.7793.

Current candles show strong green momentum with rising volume, indicating buying pressure is still intact.

Support & Resistance:

Immediate Resistance:

$0.7793 (24h high — a potential double-top or breakout level)

Support Zones:

$0.7289 (recent consolidation)

$0.7005 and $0.6501 (key higher lows)

Indicators & Signals:

Moving Averages (short-term):

Price is trending above both MA(5) and MA(10), which is bullish.

Suggests momentum is still strong unless a sharp pullback occurs.

Volume:

Very high and rising, signaling strong interest and possible continuation.

Conclusion:

Bias: Bullish, especially if price breaks and holds above $0.7793.

Short-Term Strategy:

Aggressive Entry: On breakout above $0.7793 with volume.

Conservative Entry: On retest and bounce near $0.7289–$0.7005 support zone.

Caution: If price drops below $0.6500, short-term trend weakens.#EthereumFuture