$INIT /USDT just put on a show and traders are glued to the screen.
Price is sitting at 0.0844, up +2.80%, after a strong bounce from the 0.0801 low. Bulls stepped in with confidence, pushing INIT to a 24H high of 0.0866, but that level sparked profit-taking and a healthy pullback.
On the 15m chart, momentum cooled after the spike:
MA(7) ~ 0.0845 → price hovering right around it, showing short-term indecision
MA(25) ~ 0.0848 → acting as immediate resistance, keeping bulls in check
MA(99) ~ 0.0823 → solid trend support below, structure still bullish
Volume remains active with 12.26M INIT traded, showing real interest, not a dead bounce. The pullback looks controlled, not panicked — sellers are present, but buyers haven’t left the room.
As long as INIT holds above 0.083–0.082, the trend stays constructive. A clean reclaim of 0.085–0.086 could reopen the door for another upside push, while losing 0.082 would shift momentum back to the bears.
Right now, it’s a tense pause after the sprint — the market is catching its breath, and the next move is loading.
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