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🧠 $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}

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