The INIT/USDT pair is showing notable volatility today, currently trading at $0.7489, down 6.48% over the past 24 hours. The token hit a 24h high of $0.8990 and a low of $0.7393, reflecting a wide intraday range that could signal potential trading opportunities.
The volume is also noteworthy — with 75.03M INIT and 62.47M USDT exchanged, indicating strong market interest despite the downturn. The Moving Averages show short-term consolidation, with the MA(5) at 95,368.9 and MA(10) at 80,420.5, while the MA60 sits higher at 0.7594, hinting at a possible resistance level.
Technical traders might view this as a pullback within a larger trend, or as an entry point depending on risk appetite and analysis. Keep an eye on momentum shifts and volume spikes like the one seen at 19:32 — a sign of increased buying pressure.
Are you buying the dip or waiting for further confirmation? Share your thoughts below!
