$INIT is currently trading at approximately $0.7812 USD, reflecting a slight decline of about 3.43% in the last 24 hours. The price has been fluctuating between $0.779 and $0.888, indicating heightened volatility.
Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is hovering around 50, suggesting that INIT is in a neutral zone—not overbought nor oversold. The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, hinting at potential downward momentum.
For those considering a long trade, a confirmed breakout above the $0.888 resistance level with increased volume could signal a bullish trend continuation. Conversely, a drop below the $0.779 support level might present a short trade opportunity, targeting lower support zones.
Beginner traders should exercise caution during such volatile periods. It's essential to wait for clear signals before entering a trade and always employ proper risk management strategies, such as setting stop-loss orders to mitigate potential losses.
Buy and Trade here $INIT
