INITInstitutionalTrading

ofl $INIT /USDT as

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Price Overview

Current Price: $0.9505

Change (24h): -8.45% (strong bearish move)

24h High: $1.0618

24h Low: $0.9502 (currently sitting at the low)

Vol (24h):

INIT: 19.77M

USDT: 19.92M (relatively balanced—strong activity)

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Technical Indicators

MA60: $0.9699

Current price is below all key moving averages, indicating bearish pressure

MA(5): 50,839.7

MA(10): 29,946.9

Declining short-term MAs with falling price = downtrend confirmation

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Volume & Momentum

Latest volume: 22,055

Momentum: Heavy selloff; likely under MACD bearish crossover

Bollinger Bands: Likely expanding, as price hugs the lower band

Indicates strong volatility and breakdown trend

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Key Support & Resistance

Support Zones:

Immediate: $0.9502–$0.9480

Next Level: If breakdown continues, watch for support near $0.92

Resistance:

First: $0.9568

Major: $0.9699 (MA60) and $0.98–$1.00 zone (psychological)

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Performance Outlook

Price is at daily low — showing no immediate signs of reversal

Bearish engulfing structure likely forming on higher timeframes

Volume confirms selling pressure with no meaningful bounce attempts

Avoid long positions until reversal confirmation above $0.97

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Conclusion

Bias: Bearish

Short-term Trend: Downtrend with potential continuation if $0.95 fails

Watch for:

MACD/RSI divergence

Bullish pin bar or engulfing candle above $0.96–$0.97

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Would you like a short-term trade setup or to compare INIT with another low-cap Layer 1 project?

#INIT #INITInstitutionalTrading #BinanceHODLerHAEDAL #GENIUSAct #Write2Earn

$INIT ✅ with this Discount 🔴🔴
🟢🟢 buy 🟢🟢
Small amount waiting for a restart ✅
#INITInstitutionalTrading

📌no financial advice 📌
Use your best strategy 📊
#writetoearn 📃📄📑