$INIT just delivered a strong bounce, but can buyers turn it into a real recovery?
INIT is up over 21% today, reclaiming the $0.14 area after defending the $0.114 support zone. The momentum is looking better, but the daily Supertrend remains bearish at $0.2007.
Levels worth watching:
Support: $0.135 to $0.117
Resistance: $0.152
Next hurdle: $0.190 to $0.201
A clean move above $0.152 could open the door toward $0.19. Losing $0.117 would put the recovery at risk.
One important note: Binance is displaying a security incident warning related to the protocol. DYOR and manage risk carefully.
The bounce is impressive, but confirmation is still needed.
#Write2Earn #INIT
INIT is up over 21% today, reclaiming the $0.14 area after defending the $0.114 support zone. The momentum is looking better, but the daily Supertrend remains bearish at $0.2007.
Levels worth watching:
Support: $0.135 to $0.117
Resistance: $0.152
Next hurdle: $0.190 to $0.201
A clean move above $0.152 could open the door toward $0.19. Losing $0.117 would put the recovery at risk.
One important note: Binance is displaying a security incident warning related to the protocol. DYOR and manage risk carefully.
The bounce is impressive, but confirmation is still needed.
#Write2Earn #INIT
