$INIT /USDT just put on a show and traders are glued to the screen.
Price is sitting at 0.0844, up +2.80%, after a strong bounce from the 0.0801 low. Bulls stepped in with confidence, pushing INIT to a 24H high of 0.0866, but that level sparked profit-taking and a healthy pullback.
On the 15m chart, momentum cooled after the spike:
MA(7) ~ 0.0845 โ price hovering right around it, showing short-term indecision
MA(25) ~ 0.0848 โ acting as immediate resistance, keeping bulls in check
MA(99) ~ 0.0823 โ solid trend support below, structure still bullish
Volume remains active with 12.26M INIT traded, showing real interest, not a dead bounce. The pullback looks controlled, not panicked โ sellers are present, but buyers havenโt left the room.
As long as INIT holds above 0.083โ0.082, the trend stays constructive. A clean reclaim of 0.085โ0.086 could reopen the door for another upside push, while losing 0.082 would shift momentum back to the bears.
Right now, itโs a tense pause after the sprint โ the market is catching its breath, and the next move is loading.
#INIT #AISocialNetworkMoltbook #VitalikSells #BinanceBitcoinSAFUFund