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INIT is currently forming a bullish falling wedge pattern on the daily timeframe, with the breakout already confirmed. This technical setup suggests a significant move is likely imminent in the near term.
Based on the current chart structure and momentum indicators, price action could potentially reach the 0.2500 level during this upward move. The breakout from the wedge formation provides a solid entry reference point for traders monitoring the pair.
Keep an eye on volume confirmation and key resistance levels as the price advances. The 1D timeframe shows strong setup characteristics that typically precede energetic rallies in altcoin markets.