$INIT is stealing the spotlight with a massive 59.07% surge in just 24 hours!
Buyers made a strong move, pushing Initia from a low of $0.12081 to a high of $0.23727. That's a powerful rally, and trading activity is heating up with 108.53 million INIT traded.
But here's what matters now: after reaching the daily high, the price faced selling pressure and pulled back to $0.19618.
Key Levels to Watch:
Entry Zone: $0.19180 – $0.19618
Resistance 1: $0.20822
Resistance 2: $0.22461
Major Resistance: $0.23727
Support 1: $0.19183
Support 2: $0.17544
The next move will be important. If buyers defend the current support and reclaim $0.20822, another attempt toward higher levels could develop. A break below support, however, may bring more downside pressure.
My view: INIT has delivered an impressive rally, but chasing after a 59% move is risky. Let the price settle, watch the reaction at support, and wait for confirmation.
Strong moves create opportunities. Patience helps you catch the right ones.
#CPITestsDecemberRateOutlook
Buyers made a strong move, pushing Initia from a low of $0.12081 to a high of $0.23727. That's a powerful rally, and trading activity is heating up with 108.53 million INIT traded.
But here's what matters now: after reaching the daily high, the price faced selling pressure and pulled back to $0.19618.
Key Levels to Watch:
Entry Zone: $0.19180 – $0.19618
Resistance 1: $0.20822
Resistance 2: $0.22461
Major Resistance: $0.23727
Support 1: $0.19183
Support 2: $0.17544
The next move will be important. If buyers defend the current support and reclaim $0.20822, another attempt toward higher levels could develop. A break below support, however, may bring more downside pressure.
My view: INIT has delivered an impressive rally, but chasing after a 59% move is risky. Let the price settle, watch the reaction at support, and wait for confirmation.
Strong moves create opportunities. Patience helps you catch the right ones.
#CPITestsDecemberRateOutlook
