Initia (INIT) Surges 13% as Power of 3 Fractal Enters Expansion Phase

The cryptocurrency market is showing signs of a modest recovery following a recent sharp downturn, with Ethereum (ETH) rebounding to $3,460 from a 24-hour low of $3,357. Amid this broader movement, altcoin Initia (INIT) has emerged as a standout performer, experiencing a 13% surge in the past 24 hours. This upward momentum is being closely watched by traders and analysts, who are pointing to the emergence of a notable technical pattern in INIT’s chart [1].

INIT’s chart currently features what is known as the “Power of 3” fractal pattern. This structure typically consists of three key phases: Accumulation, where the price consolidates in a base region; Manipulation, marked by a false breakdown or shakeout; and Expansion, characterized by a sharp movement in the direction of the prevailing trend. Last month, INIT demonstrated this exact sequence when it fell into an accumulation zone, shook out weak hands during a manipulation phase, and then surged over 52% after breaking out of a descending trendline and reclaiming key moving averages [1].

Now, a similar scenario appears to be unfolding. INIT has rebounded from the same key support zone that acted as the manipulation area previously. It is currently testing the downtrend resistance and moving closer to its 50 and 100-period moving averages—key technical levels that preceded the earlier rally. If INIT successfully breaks above the trendline and reclaims these moving average zones, it would confirm the Expansion phase of the fractal and could trigger further bullish momentum [1].

Analysts are watching closely to see if INIT can push through the $0.49 resistance level, a target that would represent over 21% upside from current prices. However, a clear breakout is necessary to validate the bullish setup. Failure to break above the trendline or rejection from the moving averages could stall the fractal pattern and delay further gains [1].

The recent price action in INIT aligns with broader market sentiment, which is cautiously optimistic as the crypto space continues to stabilize. While the pattern provides a compelling technical case for potential upside, traders are reminded to approach such signals with caution and to conduct thorough due diligence [1].

[1] Initia (INIT) To Rise Higher? Key Emerging Fractal Suggests Potential Upside Move

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