$INIT Soars 27%! Is the Bullish Trend Just Beginning?
$INIT is on fire today with a sharp +27.57% surge, currently trading at $0.8444. This strong momentum is drawing attention from traders.
Technical Analysis (4H Timeframe):
EMA 9 has crossed above EMA 21, signaling the start of a bullish trend.
Price has rebounded from the $0.67 zone and is now consolidating above key moving averages.
RSI is at 62.67, approaching overbought territory but still in a healthy uptrend range.
Volume is picking up, indicating growing buying interest.
Key Levels:
Major Resistance: $0.89 — A breakout could lead to $1.00
Nearest Support: $0.77 — Crucial to hold for the bullish momentum to continue
Conclusion:
INIT is showing early bullish signals with strong price action and volume confirmation. A clean breakout above $0.89 could trigger further upside.
Community Question:
Is INIT ready to break $1? Or is a pullback more likely? Share your thoughts in the comments!
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