INIT is showing relentless buyer pressure, pushing aggressively into the $0.26 region. A 46% expansion means local supply has been complet
ely absorbed, but short-term traders are likely looking to take profits. The setup here is a continuation play, but only if we see a healthy pullback. Watch for the price to consolidate and build a base around the $0.24 area to form a higher low.
EP
$0.235 - $0.255
TP
$0.28
$0.32
$0.38
SL
$0.215
A firm bounce off the $0.24 support would confirm buyer strength for a push to new local highs. A break and close below $0.215 invalidates the immediate bullish structure and signals a shift in momentum.
#Fed Holds Rates in October 2026 #Fed Holds Rates at 3.75%–4.00% as Inflation Concerns Keep Further Hikes on the Table #Ripple expands BNY custody partnership
