$INIT is trading at 0.25948, up +50.60% over the last 24 hours, maintaining strong bullish momentum well above key moving averages including the MA(7) at 0.22012, MA(25) at 0.22512, and MA(99) at 0.15514 following a strong recovery rally from its lows.
🔥 Bias: Long $INIT
* Entry range: $0.24000 – $0.26200
* SL: $0.21000
* TP 1: $0.30000
* TP 2: $0.34500
* TP 3: $0.39500
Price action demonstrates solid upward momentum and buying pressure following a robust recovery from support bases. The asset holds strong structural support above short-term and long-term moving averages. This technical setup favors continued upward expansion toward higher resistance targets as long as support around $0.23000 remains defended.
🔥 Bias: Long $INIT
* Entry range: $0.24000 – $0.26200
* SL: $0.21000
* TP 1: $0.30000
* TP 2: $0.34500
* TP 3: $0.39500
Price action demonstrates solid upward momentum and buying pressure following a robust recovery from support bases. The asset holds strong structural support above short-term and long-term moving averages. This technical setup favors continued upward expansion toward higher resistance targets as long as support around $0.23000 remains defended.
