$INIT | Explosive Momentum & Bullish Breakout Confirmed
$INIT (Initia) is currently one of the strongest performers on Binance, flashing an massive +51.89% gain in the last 24 hours. The 1h chart shows a textbook bullish breakout, with price aggressively reclaiming the Supertrend (10,3) line at 0.08919, which now serves as a major structural floor. This surge is backed by significant trading volume, reaching 3.34B INIT ($346.65M USDT), indicating heavy institutional and retail interest.
Execution Zone (Long): 0.10200 – 0.10700
Target I: 0.11849 (24h High)
Target II: 0.13220 (Key Resistance Zone)
Target III: 0.15000+ (Psychological Discovery)
Invalidation: 0.08910 🛑 (Supertrend Support)
The technical bias is strictly bullish while price holds above the 0.08919 Supertrend support. Despite the RSI(6) currently at 65.55, which shows strong momentum without being overextended, traders should watch for a potential retest of the 0.1000 level to flip it into support before the next leg up. A clean break above the 0.11849 peak likely triggers a secondary parabolic move toward the 0.130+ liquidity zone.
