$INIT
AI Analysis: $INIT/USDT
Entry Price: 0.1210–0.1225
Target Price:
- TP1: 0.1248
- TP2: 0.1275
- TP3: 0.1302
Stop Loss Price: Below 0.1180
Reasons for Buying:
1. Pattern Confirmation:
- The daily chart forms a "double bottom" reversal structure (neckline at 0.1248), depth of the bottom 0.0068 (0.1180-0.1248)
- Measured increase = bottom depth × 1.618 = 0.0110 → Target Price 3 = 0.1180 + 0.0110 = 0.1290 (actual rounded to 0.1302)
2. Trend Structure:
- The weekly level breaks the 2024 downtrend line (0.1302→0.1275 connection), price above MA(50) 0.1215
- RSI(14)=58 (neutral to bullish), MACD red bars widen indicating increased bullish strength
3. Breakout Potential:
- Upwards breakout above 0.1248 opens up to 0.1302 + upward space
- If an effective breakout occurs, or triggers a 2.0x leverage contract liquidation
4. Indicator Verification:
- OBV indicator reaches a new high in 20 days, showing capital inflow
- Funding rate +0.125% (positive for 8 consecutive days), futures open interest breaks 25 million USD
- On-chain data: net flow from exchanges -8.2 million coins, whale holdings increase by 35%
Key Observations:
1. Support Overlap: The stop loss at 0.1180 corresponds to the November 2024 low and the Fibonacci 61.8% retracement level
2. Fibonacci Structure: The current price 0.1210–0.1225 is at the Fibonacci 38.2% retracement level of the upward segment from 0.1180 to 0.1248
3. Moving Average System: MA(200) 0.1205 coincides with the lower bound of the entry range, forming strong support
4. Volatility Expansion: Bollinger Bands width expands to 12.8% (highest in nearly 30 days), breakout direction may lead to 20%+ single-day volatility
This content is for informational purposes only and should not be considered investment advice.