$INIT SIGNAL ALERT 🟢✨️✨️🚀🚀🚀
$INIT was at a major resistance level, which had previously capped upward movements. Impressively, the price has blasted through this resistance zone, surging to 0.8568, up 11.90%, signaling strong bullish momentum.
This breakout, accompanied by a significant volume spike of 243M, confirms buyer conviction as the price pushed past the resistance with force. The MA(25) at 0.7490 now acts as a dynamic support, reinforcing the bullish trend, while the RSI(6) at 70.7900 indicates overbought conditions, suggesting potential for a short-term pullback but not derailing the overall upward move. Watch for a retest of 0.8888 as support; holding above this level could pave the way for further gains toward 0.9040, with volume remaining a key indicator of sustained momentum.
DYOR
Follow me
dr_mt