$INIT reached a strong 24h high around 0.1500 before retracing toward the 0.133 zone. The rally from 0.112 area was impulsive, showing clear buyer dominance. After the spike, price entered a consolidation range, forming lower highs but holding key support levels.

Currently trading near 0.133, INIT is attempting to stabilize after pullback. Support lies around 0.127–0.125, while resistance stands at 0.135–0.150. A breakout above 0.135 could trigger renewed bullish momentum toward previous highs.

Volume remains strong, indicating continued interest. The structure now resembles a range after expansion. If buyers reclaim 0.140+ with strength, trend continuation is likely. However, losing 0.125 may shift momentum short term.

Market sentiment remains positive overall, but patience is key while price decides direction. Consolidation after a big move is healthy and often precedes the next

INIT

0.1029

-11.82%