$INIT

📈 Technical Analysis Overview (1D Chart)

The chart shows a significant bullish reversal after a prolonged downtrend.

1. Key Indicators

| Indicator | Status | Interpretation |

|---|---|---|

| Price Action | $0.1097 | The price has surged significantly (+55.38% in the last 24h as per the UI). |

| Volume | Extremely High | The vertical green volume bar indicates high buying conviction and institutional or whale participation. |

| MA (7) (Yellow) | $0.0810 | Price is well above this short-term average, indicating strong immediate momentum. |

| MA (25) (Magenta) | $0.0817 | Price has broken above this medium-term average, suggesting a change in trend from bearish to bullish. |

| MA (99) (Purple) | $0.0943 | Price has broken above the long-term average, which is a very strong bullish signal. |

2. Support and Resistance Levels

* Immediate Resistance: $0.1381 (Recent 24h high). Breaking this level with high volume could lead to further gains.

* Support Level 1 (Former Resistance): $0.0943 (Previous 99MA level).

* Support Level 2: $0.0817 (Previous 25MA level).

* Major Support: $0.0566 (The recent swing low/bottom).

📊 Summary and Sentiment

* Sentiment: Extremely Bullish (Short-Term). The combination of a strong green candle and high volume indicates a breakout.

* Outlook: The price has broken above all major moving averages on the daily chart. If the current price holds above $0.095, the trend may continue higher.

⚠️ Things to Watch

* Sustainability: Such large spikes often see a retracement (profit-taking). Watch for the price to find support at the former resistance levels (around $0.094) before assuming a sustained upward trend.

* Liquidity: The high 24h Volume ($191M+) suggests good liquidity for trading this breakout.

Would you like me to analyze the MACD or RSI indicators to confirm the strength of this momentum?

#PEPEBrokeThroughDowntrendLine #TradeCryptosOnX #MarketRebound #CPIWatch #USNFPBlowout