#AirdropStepByStep As of April 29, 2025, Initia (INIT) is trading at $0.6866, reflecting a modest increase of +0.46% over the past 24 hours.
๐ INIT Market Snapshot
Current Price: $0.6866
24h Range: $0.6228 โ $0.6907
Market Cap: $97.4M
24h Volume: $222.5M
Circulating Supply: 148.75M INIT
All-Time High: $0.9598 (April 25, 2025)
All-Time Low: $0.5932 (April 24, 2025)
๐ Technical Overview
INIT is currently consolidating after a sharp retracement from its recent all-time high. Key technical levels to watch:
Support: $0.6500
Resistance: $0.7250
RSI (4H): Approximately 44 โ indicating a neutral zone with potential for upward movement
MACD: Flattening โ traders are watching for a bullish crossover
The price action suggests a possible ascending triangle forming on the 1-hour timeframe, indicating a potential breakout if volume increases.
๐ Price Forecast
Short-Term Bullish Scenario: A breakout above $0.7250 could lead to a retest of $0.7500 and potentially $0.8000.
Bearish Scenario: A drop below $0.6500 may test the $0.6200 support level.
Given the current market conditions and technical indicators, INIT may experience a period of consolidation before making a decisive move.
๐ง Fundamental Insights
INIT's recent listing on Binance Launchpool has increased its visibility and trading volume. The project's focus on omni-chain rollups positions it well in the evolving DeFi landscape. Investors are closely monitoring its development and adoption metrics.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.#AirdropStepByStep #BTCRebound #XRPETFs #AbuDhabiStablecoin $BTC