INIT Eyes $0.60 After Breakout: Can Bulls Hold the $0.42 Retest Line?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 06 2025Market Sentiment Shift: INIT has broken a major descending trendline, indicating a potential bullish reversal with analysts projecting a 35–40% rally towards $0.60 if it maintains support above $0.41–$0.42.
Technical Indicators Support Bullish Outlook: Momentum indicators like RSI and MACD show signs of strength and reduced bearish pressure, while increased trading volume suggests genuine market interest in INIT's upward movement.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
