🚀 INI/USDT — strong bullish momentum!
INI is showing powerful growth: the price reached $0.288, then pulled back to $0.246.
📊 Technical picture:
- EMA 7 is above EMA 25 and EMA 99 — a bullish structure.
- Trading volume has increased sharply, confirming buyer activity.
- RSI(6): 78–80 — the market is overbought; a short-term correction is possible.
- Open Interest is rising — new positions are actively entering the market.
🎯 Key levels:
- Support: $0.216–0.225
- Next support: $0.190–0.200
- Resistance: $0.256
- Main target: $0.288
- If $0.288 is broken, the next zone is $0.32–0.35.
📈 Scenario: LONG remains the priority, but entering at the current price is risky. It would be preferable to wait for a pullback and confirmation of a bounce from support.
⚠️ Losing the $0.216 zone would increase the likelihood of a deeper correction.
Conclusion: INI looks bullish, but after such a vertical rise, chasing the price could turn into a trap.
$INIT Any support is welcome. Thank you all in advance 😉
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