$INIT
is currently trading around **$0.1107**, up approximately **+56%**, showing a strong breakout move with aggressive bullish momentum.
📊 Technical Structure
- 24H High: $0.1381
- 24H Low: $0.0698
- Massive expansion candle with strong range and volume → indicates impulsive move, not just small relief bounce.
- Price is trading well **above MA(7), MA(25), and MA(99)** → strong short-term bullish alignment.
The breakout came after a rounded bottom structure around **$0.060–$0.070**, which now becomes a key base zone.
🔑 Key Levels
**Support Zones:**
- $0.095 – breakout retest area
- $0.081 – MA cluster zone
- $0.070 – major structural support
**Resistance Zones:**
- $0.115 – immediate resistance
- $0.138 – recent high
- $0.150 – psychological & extension level
📈 What Happens Next?
Because this is a vertical breakout candle:
**Scenario 1 – Healthy Continuation**
- Small pullback toward $0.095–$0.100
- Buyers step in
- Break above $0.138 → next target $0.150+
Scenario 2 – Short-Term Exhaustion**
- Rejection near $0.115–$0.120
- Sharp pullback toward $0.090 zone
- Consolidation before next leg
After a +50% move, short-term volatility and pullbacks are normal. Chasing at resistance carries higher risk.
🔎 Overall Bias
Short-term: **Bullish** Medium-term: Needs consolidation above $0.095 to stay strong
This is a momentum play right now — watch volume and how price reacts on pullbacks.
Not financial advice.