$INIT just printed +121% in 90 days. Then one weekly candle gave back a big chunk. 👀
Here is what the weekly chart is saying:
📉 7D: -28%
📈 30D: +9%
🚀 90D: +121%
The rally ran from 0.049 to a 0.2579 spike high. Sellers rejected that wick hard, and the latest weekly candle closed red on lower volume than the breakout candle.
Price is now around 0.122, just under the weekly MA(7) at 0.130 and well above the MA(25) at 0.079.
Levels I'm watching:
Resistance: 0.130, then 0.1765
Support: 0.0845, then 0.079 (MA25)
Reclaim 0.130 and bulls take back momentum. Lose 0.0845 and the whole rally structure gets tested.
⚠️ Important: Binance is showing a risk warning about a security incident related to this protocol. Check the news before you size any position.
Is this a healthy pullback or the top of the move? Drop your take below 👇
Not financial advice. DYOR.
$INIT
#Initia #Layer1 #cryptotrading #BinanceSquare
#BinanceReopensWithdrawalsForHYPE&APT
Here is what the weekly chart is saying:
📉 7D: -28%
📈 30D: +9%
🚀 90D: +121%
The rally ran from 0.049 to a 0.2579 spike high. Sellers rejected that wick hard, and the latest weekly candle closed red on lower volume than the breakout candle.
Price is now around 0.122, just under the weekly MA(7) at 0.130 and well above the MA(25) at 0.079.
Levels I'm watching:
Resistance: 0.130, then 0.1765
Support: 0.0845, then 0.079 (MA25)
Reclaim 0.130 and bulls take back momentum. Lose 0.0845 and the whole rally structure gets tested.
⚠️ Important: Binance is showing a risk warning about a security incident related to this protocol. Check the news before you size any position.
Is this a healthy pullback or the top of the move? Drop your take below 👇
Not financial advice. DYOR.
$INIT
#Initia #Layer1 #cryptotrading #BinanceSquare
#BinanceReopensWithdrawalsForHYPE&APT
