INIT/USDT perpetual futures chart shows explosive bullish momentum.
The price has surged +64.93% in 24 hours, breaking out from a prolonged low base around $0.06–$0.08.
A massive green candle on the recent timeframe indicates strong buying pressure and high volume (7.71B INIT traded).
Price is now at $0.1197, well above key MAs (MA7 $0.1078, MA25 $0.0801, MA99 $0.0752), confirming an uptrend.
It tested a 24h high of $0.1354 but pulled back slightly; potential resistance at $0.123–$0.135.
Short-term outlook remains bullish with elevated volatility, but watch for profit-taking near recent peaks.
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