$INIT is showing strong bullish momentum, pushing toward the $0.39500 RESISTANCE... 🚀
On the 1H chart, price has made a strong move from around $0.23 to $0.37423.
Look at this BREAKOUT... buyers are clearly in control right now. 👀
Price is trading well above VWAP at $0.29319, showing strong upward momentum.
But RSI(6) is near 79.86... the market is looking OVERBOUGHT.
The first important RESISTANCE is $0.39500, followed by the visible $0.40828 area.
If price holds above $0.35, another push higher could be possible.
But a rejection could bring a pullback toward $0.33, with VWAP near $0.29319 as a deeper level to watch.
Now watch how price reacts around $0.39500... a rejection or a clean BREAKOUT could decide the next move.
Follow for more chart analysis 😎
On the 1H chart, price has made a strong move from around $0.23 to $0.37423.
Look at this BREAKOUT... buyers are clearly in control right now. 👀
Price is trading well above VWAP at $0.29319, showing strong upward momentum.
But RSI(6) is near 79.86... the market is looking OVERBOUGHT.
The first important RESISTANCE is $0.39500, followed by the visible $0.40828 area.
If price holds above $0.35, another push higher could be possible.
But a rejection could bring a pullback toward $0.33, with VWAP near $0.29319 as a deeper level to watch.
Now watch how price reacts around $0.39500... a rejection or a clean BREAKOUT could decide the next move.
Follow for more chart analysis 😎
