🟢 $INIT /USDT TESTS MID-BOLL LINE | WILL LAYER 1 POWER THE NEXT PUSH? ⚡📈

INIT is trading at $0.5098, down -2.30%, sitting directly on the Bollinger Mid-Band ($0.5108) — a key pivot level.

Strong support seen near $0.4917 (24h low) and lower BOLL at $0.4895, showing buyer interest at dips.

Resistance builds at $0.5320 (Upper BOLL) — a breakout here could trigger a fast move upward.

Volume remains active with 18.42M INIT and $9.49M USDT traded in the last 24h.

This tight consolidation zone often leads to a breakout — watch price reaction closely.

Layer 1/2 ecosystem remains in focus — INIT may benefit from broader narrative momentum.

If INIT flips $0.5249, it may retest the recent high at $0.5449 quickly.

Ideal zone for tight stop and high-reward setup for breakout traders.

🎯 Take Profit Targets:

• TP1: $0.5320

• TP2: $0.5449

• TP3: $0.5623

🛑 Stop Loss: $0.4874

#INIT #Layer1Crypto #AltcoinSetup #BinanceSignals #CryptoTrade $INIT