🧠 $INIT /USDT — Technical Analysis (1H) Current Price: $0
CryptoPotato
Updated at: 15 hours ago
{"content":"🧠 $INIT /USDT — Technical Analysis (1H)
Current Price: $0.5521
Trend: Still bearish overall, but showing signs of a potential short-term reversal.
📊 Moving Averages:
MA 7: 0.5462 (price recently reclaimed this level)
MA 25: 0.5284 (a bullish crossover occurred — short-term momentum shift)
MA 99: 0.6236 (still far above — long-term downtrend not yet broken)
🔍 Key Insights:
After a strong downward leg, INIT is attempting a relief rally.
Price is currently testing the $0.55–$0.56 zone, which may act as a short-term resistance.
If buyers push it above $0.56, a move toward $0.58–$0.60 could follow.
Rejection here could trigger another retest of $0.52 support.
📌 Summary:
Short-term bias: Mild bullish
Mid-term trend: Still bearish until price breaks above $0.62+
Strategy: Caution for bulls — wait for a strong hourly close above $0.56 to confirm continuation. If you’re already in, consider trailing stops.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/14/520be865dbae4660b6ebaba4c0c6de57.png"],"tags":[],"tradingPairs":["INIT/USDT"],"quotearticleid":0}