🔥
$INIT Breakout from Base | Bullish Continuation Setup 📈
$INIT /USDT | Spot Forecasting Analysis
INIT is showing strong recovery momentum after forming a clear base near 0.0566 and is now pushing higher toward 0.0765. The structure suggests a potential trend reversal from bearish to bullish.
Market Structure
Price formed a rounded bottom + higher low structure, indicating accumulation. The recent breakout above short-term resistance confirms bullish control, but short-term pullbacks are still possible.
➡️ Bias: Bullish above support
Key Levels
Support: 0.0675 – 0.0690 (strong demand zone)
Major Support: 0.0565
Immediate Resistance: 0.0785 – 0.0820
Next Targets: 0.0900 → 0.0970 → 0.1120
Volume & Momentum Analysis
Volume is steadily increasing, showing fresh buying interest.
MACD bullish crossover confirms upward momentum.
RSI cooled to neutral levels, giving room for the next leg up.
Short-term selling pressure exists, but buyers still dominate.
Outlook
As long as 0.067 holds, INIT can continue its bullish expansion toward higher resistance zones. Dips near support may offer better risk-reward entries.
Trend Bias: Bullish 📈
Volatility: High – trade with risk management ⚠️
#INIT #INITUSDT #CryptoAnalysis #AltcoinSeason