**#INITAUSDT Trader’s Guide: Key Levels & Strategy**
The #INIT token (a Layer 1/Layer 2 project) is currently trading at **$0.7544**, down **4.75%** today amid broader market volatility. Here’s what traders need to know:
### **Key Data**
- **24h Range**: $0.7307 (support) to $0.8990 (resistance).
- **Volume**: $60.92M USDT traded, but MA(5) volume suggests declining interest.
- **SAR Indicator**: Bearish signal at **$0.8491**—watch for rejection near this zone.
### **Price Action Outlook**
- **Support**: Hold above **$0.7288** to avoid deeper drops.
- **Resistance**: Break past **$0.7902** could signal a reversal.
- **Caution**: The token is down **11.39% today** and lacks strong bullish momentum on higher timeframes.
### **Trade Plan**
- **Short-term**: Scalp bounces between $0.7300–$0.7900.
- **Long-term**: Wait for confirmation above $0.8500 or a higher low structure.
**DYOR—volatility is high!** 📉🚀
Buy and future trade open here
