Is INIT preparing for a new upward wave? Technical analysis reveals increasing momentum despite the current volatility!
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๐ก Quick technical analysis:
โ After a sharp drop to the level of 0.6804, INIT managed to form a solid support base, with a clear rebound and stability near 0.90, indicating good buying strength in this area.
โ The Relative Strength Index (RSI) (6) at 60.84 โ indicates moderate buying momentum, without clear overbought conditions, meaning there is room for continued upward movement without immediate reversal concerns.$PEPE
โ MACD shows a noticeable improvement: the DIF line has begun to move upward away from the DEA, with a slight positive MACD (0.0036), hinting at the possibility of a new buying wave soon.
๐ Trading volume has seen a noticeable increase coinciding with recent upward movements, confirming growing interest in the stock after stabilization.
---$XRP
๐ Expected scenario:
If INIT successfully breaks through the 0.93 โ 0.935 area (the highest level in the last 24 hours), we may witness a rapid move towards:
โ 0.9857 (the last peak)
โ Then targeting 1.00 as a psychological target and a strong resistance ahead.
However, in case of failure and breaking the nearby support at 0.88, the price may return to test:
โ 0.83
โ And perhaps 0.80 as a strong short-term support.
INIT
0.8935
+9.48%
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๐ฅ Is INIT ready for the upcoming price explosion?!
The analysis indicates a clear increase in positive momentum with good stability above the short-term averages, and any clear break of the current resistance may pave the way for new higher levels!
๐ข In your opinion, are we witnessing the rise of INIT above one dollar soon? Share your predictions!
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๐ Important tips:
๐น Monitor the MACD line crossover closely, and confirm signals with trading volume.
๐น Do not enter the market with emotions โ use smart stop-loss orders to avoid risks.
๐น Take advantage of entry segmentation techniques to multiply profit opportunities and reduce risk.
#InitiaCoin #BinanceAlphaAlert #EthereumFuture #BinanceHODLerSIGN
