Based on the provided image, here's the analysis of support and resistance levels for **INIT/USDT**:

### **Support Levels** (Potential Buying Zones):

1. **0.8347** - Current price level with significant activity (noted as "36:12" which may indicate order book depth).

2. **0.6543** - Next major support, likely a psychological level.

3. **0.4904** and **0.3266** - Lower supports if the price continues to decline.

4. **0.1627** - Strong support near the 24h low of **0.2000**.

### **Resistance Levels** (Potential Selling Zones):

1. **0.9847** - Immediate resistance above the current price.

2. **0.9447** - 24h high, a key resistance level.

3. **Above 0.9847** - Further resistance would likely form near round numbers (e.g., $1.0000).

### **Additional Observations**:

- The price has surged **+317.45%**, indicating strong bullish momentum but also potential overbought conditions.

- **RSI(6) at 59.07** suggests moderate bullish momentum (not yet overbought >70).

- **MACD** data is incomplete, but if the histogram is positive, it supports bullish sentiment.

### **Key Action Points**:

- If the price breaks **0.9847**, it could target higher levels.

- If it falls below **0.8347**, watch for tests of **0.6543** or lower.

- High volatility (24h range: **0.2000–0.9447**) demands tight risk management.

Would you like a deeper analysis of order book depth or trend indicators?