$INIT is seeing renewed interest, up 4.85% with a massive volume spike to 9.58M USDT. The move follows the recent "Reactor Upgrade" and volatility from exchange maintenance (Upbit/Bithumb).
🟢 The Bull Case
Momentum: Strong bullish alignment with price > EMA 7/25.
Volume: Significant buying pressure indicates accumulation is active.
Sentiment: Community is calling for a breakout from the recent consolidation range.
🔴 The Risks
Overheated: RSI-6 is at 75.45, signaling overbought conditions. A short-term pullback is statistically likely.
Resistance: Key supply zones sit at $0.1031 and $0.1142. Bulls need to clear these to confirm a reversal.
Fading: Watch the $0.097 level; losing this could trigger a quick slide.
