🚨 INIT IS BOUNCING BACK AFTER A BRUTAL CRASH — CAN THIS RECOVERY TURN INTO A BIG REVERSAL?
$INIT is showing fresh buying interest after dropping to $0.09338. Price has bounced to around $0.12035, with buyers attempting to regain momentum.
I'm watching a potential LONG opportunity based on the chart:
📈 Strong rebound from the recent low. 📈 Price is trying to hold above $0.12. 📈 A move above $0.129 could open the way toward $0.142.
Key levels to watch:
Resistance: $0.129–$0.142
Next upside area: $0.175
Support: $0.110
Major support: $0.09338
⚠️ Important news: Initia has reported a second security exploit within three weeks. The November 11 report says approximately $3.27M in assets were stolen, with around $2.16M remaining frozen on its halted network. This makes INIT an extremely high-risk LONG despite the chart bounce.
Can buyers push INIT above $0.142, or will security concerns trigger another sell-off?
#INIT #Initia #cryptotrading
$INIT is showing fresh buying interest after dropping to $0.09338. Price has bounced to around $0.12035, with buyers attempting to regain momentum.
I'm watching a potential LONG opportunity based on the chart:
📈 Strong rebound from the recent low. 📈 Price is trying to hold above $0.12. 📈 A move above $0.129 could open the way toward $0.142.
Key levels to watch:
Resistance: $0.129–$0.142
Next upside area: $0.175
Support: $0.110
Major support: $0.09338
⚠️ Important news: Initia has reported a second security exploit within three weeks. The November 11 report says approximately $3.27M in assets were stolen, with around $2.16M remaining frozen on its halted network. This makes INIT an extremely high-risk LONG despite the chart bounce.
Can buyers push INIT above $0.142, or will security concerns trigger another sell-off?
#INIT #Initia #cryptotrading
