🔥 $INIT on Fire! But Is the Steam Fading?

$INIT just made a serious move — up +24.4% in the past 24 hours, hitting a high of $1.2422 before cooling off to around $1.0815.

📊 Price Action Breakdown (1H Chart):

✅ Bullish surge from $0.78 to $1.24

⚠️ Now consolidating with lower highs and flat support at $1.03

🧯 Volume cooling + slight increase in sell-side pressure (📉 Order Book: 53.2% Sell)

🔍 Trend Insight:

The rally was strong and steep, but we’re seeing classic signs of a pullback.

If $1.03 breaks, $INIT might retest $0.93–$0.95.

Holding above $1.10 could restart the rally, especially with renewed volume.

📈 Short-Term Outlook:

Neutral to slightly bearish unless it bounces with volume.

Good time to wait for confirmation before re-entry.

🧠 Smart Move?

Let the consolidation play out. If $1.03 holds strong and flips into demand again, bulls may get another chance.

📌 Disclaimer:

This is not financial advice. The market is volatile — always do your own research and use proper risk management. Trade responsibly.

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