$INIT has made an impressive move, climbing from around $0.12 to $0.23 before experiencing a small pullback toward $0.218.
Buyers are clearly showing strength, but after such a rapid rally, patience is important. Chasing the price at current levels could be risky.
đ Key Levels to Watch:
đą Support: $0.20
đŽ Resistance: $0.23 â $0.237
My Market View:
If $INIT holds above $0.20, buyers could regain momentum and attempt another move toward the $0.23â$0.237 resistance zone.
However, if $0.20 breaks, a deeper correction could follow.
For now, I'm watching the support closely and waiting for confirmation rather than rushing into a trade.
Patience is better than FOMO! đđ„
What do you think? Can $INIT break above $0.237, or will we see another pullback?
