INITUSDT is currently trading at $0.8549, marking a strong 30.92% increase in the last 24 hours. The price surged from a low of $0.6164 to a high of $0.8790, showing strong bullish momentum. Technically, the price is trading well above all key moving averages: the 7-period MA ($0.8453), 25-period MA ($0.7646), and 99-period MA ($0.7691), confirming a solid uptrend in the short term. The recent pullback appears healthy, with the price attempting to stabilize above the $0.85 level.
The volume has increased significantly during the rally, indicating strong buying interest. However, it has started to decline slightly, which suggests that the momentum may be cooling off. The Relative Strength Index (RSI) is at 68.22, nearing overbought territory, which could trigger short-term profit-taking or consolidation before the next move.
Traders should watch for a breakout above the $0.879 resistance for a potential continuation toward the $0.90 psychological level. On the downside, support lies around the $0.795–0.800 range, which aligns with the 7-period MA. A sustained move below this zone could signal weakening bullish momentum. Overall, INITUSDT remains in a bullish setup, but near-term caution is warranted due to RSI levels and volume tapering.
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