Chart Request: #INIT

$INIT has broken out of its horizontal range with strong bullish momentum, and the breakout level has already been retested and held, which confirms buyers are defending the new support. This kind of channel breakout + successful retest usually signals continuation, especially when price stays above the key moving averages.

INITUSDT

Perp

0.0854

+1.30%

As long as $INIT holds above the breakout zone, the bias remains bullish and the next move can expand upward with volume support. If $INIT loses this level and closes back inside the range, then it turns into a fakeout and we can expect sideways action or a pullback back toward mid-range support.