Below is the latest update on Initia (INIT) as of the morning of April 30, 2025, including the current price, technical analysis, and futures trading strategy for the next 24 hours:
🟢 Current price of INIT
As of the morning of April 30, 2025, the price of Initia (INIT) is trading around $0.8351, an increase of about 27.8% in the past 24 hours. Trading volume reached $368 million, indicating strong interest from the market.
📊 Technical Analysis
• Short-term resistance: $0.90 – $0.95 area, near the historical peak of $0.953 reached on April 25, 2025.
• Strong support: $0.78 – $0.80 area, where there has been significant trading volume and multiple tests in recent sessions.
• Technical indicators:
• RSI (14): Currently around 70, indicating INIT is in the overbought zone, which may lead to a short-term correction.
• MACD: The MACD line crosses above the signal line, confirming the uptrend.
• EMA 20/50: Price is above both EMA lines, reinforcing the short-term uptrend.
📈 Futures trading strategy for the next 24 hours
1. Scalping Strategy (5–15 minute timeframe)
• Objective: Small, quick profits from frequent trades.
• Indicators used: EMA 9 & 21, MACD, RSI, VWAP.
• Buy entry point: When EMA 9 crosses above EMA 21, RSI below 70, MACD crosses up.
• Take profit point: 0.3%–0.6%.
• Stop loss: 0.2%–0.4%.
• Leverage: 5x–10x (manage risk carefully).
2. Intraday Strategy (30-minute – 1-hour timeframe)
• Buy order:
• Entry point: $0.78–$0.80.
• Take profit: TP1: $0.85; TP2: $0.90.
• Stop loss: $0.75.
• Leverage: 3x–5x.
• Sell order (if resistance holds):
• Entry point: $0.90–$0.95.
• Take profit: $0.85.
• Stop loss: $0.97.
🧠 Market sentiment and whale activity
• INIT has been listed on several major exchanges such as Binance, MEXC, and Coinbase, with strong trading volume, indicating significant interest from investors.
• Inflows into ETF funds and derivative products related to INIT are increasing, indicating interest from institutional investors.
⚠️ Important note
• The INIT market is experiencing significant volatility; investors should be cautious when using high leverage and establish appropriate stop-loss levels to manage risk.
• Closely monitor announcements from exchanges regarding maintenance or changes related to INIT trading to avoid unwanted risks.