🚀 INIT/USDT — Is a Recovery Rally Possible?
$INIT is trading around $0.06512, down sharply today. However, the daily chart shows an interesting setup: price is still holding above MA(25) $0.06130 and MA(99) $0.05616.
🟢 Bullish Scenario:
If INIT reclaims $0.0675–$0.0700 and holds above this zone, the recovery could extend toward $0.075 → $0.080 → $0.090.
🔴 Bearish Scenario:
If $0.0610 fails, selling pressure could increase, with $0.056 → $0.0474 becoming important downside levels.
🎯 Key Levels:
$0.070+ → Bullish confirmation 🚀
$0.061 → Critical support ⚠️
📊 Overall Bias: Neutral → Cautiously Bullish
INIT has recovered significantly from the $0.0474 low, but today’s 7.72% drop shows that volatility remains high. A strong reclaim of $0.070 could make the chart much more attractive for another upward move.
$INIT is trading around $0.06512, down sharply today. However, the daily chart shows an interesting setup: price is still holding above MA(25) $0.06130 and MA(99) $0.05616.
🟢 Bullish Scenario:
If INIT reclaims $0.0675–$0.0700 and holds above this zone, the recovery could extend toward $0.075 → $0.080 → $0.090.
🔴 Bearish Scenario:
If $0.0610 fails, selling pressure could increase, with $0.056 → $0.0474 becoming important downside levels.
🎯 Key Levels:
$0.070+ → Bullish confirmation 🚀
$0.061 → Critical support ⚠️
📊 Overall Bias: Neutral → Cautiously Bullish
INIT has recovered significantly from the $0.0474 low, but today’s 7.72% drop shows that volatility remains high. A strong reclaim of $0.070 could make the chart much more attractive for another upward move.
