Sure! Here's a concise technical analysis post for $INIT
/USDT on Binance, including three short-term targets and highlights:
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[BINANCE TECHNICAL ANALYSIS – INIT/USDT]
Current Price: $0.8481 (+25.03%)
24h High/Low: $0.8792 / $0.6200
Volume: 106.15M INIT / 83.02M USDT
MA60: $0.8326
INIT/USDT is showing strong bullish momentum, breaking above key resistance levels with solid volume. The current price action above the MA60 line indicates a continuation of the upward trend.
Key Support: $0.8320
Immediate Resistance: $0.8790 (24h high)
Short-Term Targets:
🎯 Target 1: $0.8900 – minor resistance zone
🎯 Target 2: $0.9500 – breakout confirmation above psychological level
🎯 Target 3: $1.02 – potential extension if momentum sustains
Highlight: INIT is emerging as a strong gainer in the Layer 1 ecosystem. With increasing trading volume and market attention, INIT could challenge $1+ if bulls maintain control.
Trade with proper risk management as volatility remains high.
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