$INIT iis pushing higher after a strong breakout, now trading around 0.11018... 👀
The DAILY trend is clearly bullish, with strong upward momentum and higher highs.
Look at the recent recovery... buyers stepped back in after the pullback toward 0.08961.
0.11659 is the key visible RESISTANCE → a BREAKOUT above it could open the way toward 0.12005. 📈
But RSI is around 81.75, showing the move is heavily extended... so a short-term pullback is possible.
Keep an eye on 0.10001... this is the visible 24H LOW and an important nearby area for price to hold.
If price holds above 0.10001 ⇒ buyers can keep pressure toward 0.11659.
If 0.10001 breaks with weakness ⇒ the 0.08961 SUPPORT becomes the next important area. 📉
Now watch 0.11659 closely... rejection there matters, while a clean BREAKOUT puts 0.12005 into focus. ⚡️
Follow for more chart analysis 😎
The DAILY trend is clearly bullish, with strong upward momentum and higher highs.
Look at the recent recovery... buyers stepped back in after the pullback toward 0.08961.
0.11659 is the key visible RESISTANCE → a BREAKOUT above it could open the way toward 0.12005. 📈
But RSI is around 81.75, showing the move is heavily extended... so a short-term pullback is possible.
Keep an eye on 0.10001... this is the visible 24H LOW and an important nearby area for price to hold.
If price holds above 0.10001 ⇒ buyers can keep pressure toward 0.11659.
If 0.10001 breaks with weakness ⇒ the 0.08961 SUPPORT becomes the next important area. 📉
Now watch 0.11659 closely... rejection there matters, while a clean BREAKOUT puts 0.12005 into focus. ⚡️
Follow for more chart analysis 😎
