🚀 $INIT /USDT: Bulls Are Back in Control!

INIT is showing impressive strength on the 1-hour chart.

After pulling back toward the 0.22 area, the price has recovered strongly and is now trading around 0.31526 USDT, according to the latest screenshot.

Here's what stands out:

🟢 Price is above all three moving averages:

- MA7: 0.27254
- MA25: 0.25700
- MA99: 0.16465

📈 The recent candles show renewed buying pressure.

🎯 Important levels to watch:

- Resistance: 0.33193
- Near-term support: 0.298–0.300
- Further support: 0.256–0.257

A convincing break above 0.33193 could strengthen the bullish setup. However, rejection near resistance could trigger another pullback.

Can INIT break its recent high, or is another correction coming?

#INIT #CryptoAnalysis #CryptoNews