INIT is moving fast, but the next level could be the real test.
$INIT is up over 10% today and has pushed to $0.2577 before pulling back toward $0.215. The daily structure remains bullish, with price comfortably above the Supertrend, but this sharp move calls for some caution.
Key levels to watch:
Support: $0.20 to $0.18
Major support: $0.156 to $0.14
Resistance: $0.225
Key breakout level: $0.258
Holding above $0.20 could keep buyers in control. A clean break above $0.258 may open the door to further upside, while losing support could trigger a deeper pullback.
One important note: the chart displays a security incident warning for the protocol. DYOR and manage risk carefully rather than chasing the candle.
#Write2Earn #INIT
$INIT is up over 10% today and has pushed to $0.2577 before pulling back toward $0.215. The daily structure remains bullish, with price comfortably above the Supertrend, but this sharp move calls for some caution.
Key levels to watch:
Support: $0.20 to $0.18
Major support: $0.156 to $0.14
Resistance: $0.225
Key breakout level: $0.258
Holding above $0.20 could keep buyers in control. A clean break above $0.258 may open the door to further upside, while losing support could trigger a deeper pullback.
One important note: the chart displays a security incident warning for the protocol. DYOR and manage risk carefully rather than chasing the candle.
#Write2Earn #INIT
