INIT/USDT: Analyzing the Post-Launch Surge

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The INIT/USDT pair is experiencing a notable surge post its listing on Gate.io, currently trading at $0.7906. This reflects a 16.26% increase, indicating strong initial market interest. Traders should monitor the support and resistance levels closely, as the price action could be volatile in these early stages. The MACD suggests a bullish crossover, which might propel the price higher if sustained. However, caution is advised as market conditions can change rapidly.

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