$INIT /USDT Market Analysis – 26 April 2025

Current Price: $0.8641

24H Range: $0.7700 – $0.9200

24H Volume: 85.82M INIT / 71.53M USDT

Today's Move: -0.97%

Chart Analysis (1H Timeframe)

$INIT /USDT has shown a sharp bounce from a low of $0.7700 back up to around $0.8641, but momentum looks weaker compared to earlier rallies.

Recent candles show selling pressure with wicks to the upside, indicating resistance.

Key levels:

Support Zones: $0.8465 and $0.8017.

Resistance Zones: $0.8938 and $0.9200.

Order Book: 64% sell-side pressure dominating (bearish bias short-term).

Trading Signals

Buy Signal:

Bullish confirmation needed above $0.8938 for a breakout move towards $0.9200+.

Safer buys only after a confirmed support hold above $0.8465.

Sell Signal:

If $INIT fails to hold $0.8465, expect a move down toward $0.8017.

Breakdown below $0.8017 could open doors to $0.7700 retest.

Breakout Watch:

Watch if $0.8938 breaks with a big green candle and strong volume — potential upside rally.

Summary

INIT/USDT is currently range-bound between $0.8465 and $0.8938.

Short-term, the market is leaning bearish unless buyers step back in and flip key resistance levels.

Caution is advised — wait for clear breakouts before taking aggressive positions.

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