Thank you for your valuable question, and I respect your point of view.
Regarding my expectation for the INIT currency to rise to $1.14 during this month, it is based on several technical and fundamental factors, the most important of which are:
1. Technical Analysis:
The price is currently close to a strong support area between $0.75 and $0.77, which has proven to be a good buying zone.
The Relative Strength Index (RSI) is low and indicates a near-term bullish rebound opportunity.
2. Trading Volume Analysis:
The daily trading volume has increased significantly, indicating growing interest in the currency.
3. The Project Fundamentally:
The Initia project is relatively new and has support from major investors and venture capital funds, which enhances its potential market value in the future.
4. Global Sites Predictions:
Cryptocurrency analysis sites like CoinCodex and DigitalCoinPrice predict the currency will rise to between $1.14 and $1.20 during May 2025.
5. The Overall Bullish Wave of the Market:
If Bitcoin's movement remains positive, it will drive most altcoins to rise, including INIT by nature.
However:
Expectations remain possibilities and not certainties, so it is important to manage risks and not rely on a single analysis.