$INIT

SIGNAL ALERT 🟢✨🚀

$INIT has broken out bullishly from a pennant pattern, currently trading at $0.8996. This breakout signals a potential continuation of the previous uptrend. The pennant followed a strong rally from $0.7125 to $0.9455, then consolidated with tightening price action — a classic sign of momentum building up.

The breakout was confirmed as $INIT closed above the upper trendline at $0.89973, backed by solid volume (5,507,914 $INIT). Based on the flagpole height ($0.233), the projected target sits around $1.13273.

The technicals support the move:

MA(25) at $0.8708 remains below the current price

RSI(6) at 65.19 shows there’s still room before hitting overbought territory

Key levels to watch:

A strong move above $0.89973 with sustained volume = bullish confirmation

A retest and bounce from $0.89973 strengthens the case

A break below $0.8546 may invalidate the setup, with downside risk toward $0.8008

Always do your own research (DYOR).