$INIT 📉📉 Initia (INIT/USDT) 4-Hour Market Update – May 3, 2025

Over the past four hours, Initia (INIT) has experienced notable volatility against Tether (USDT). The current price stands at $0.7064, reflecting a 2.06% decrease from the previous close. The intraday high reached $0.7434, while the low dipped to $0.6759.

This movement comes after a significant surge in the 24-hour period, where INIT's price increased by approximately 5.37%, accompanied by a 120% surge in trading volume. The current market capitalization has reached $30 million, ranking INIT among the top trending interoperability tokens.

Technical analysis on the 4-hour chart reveals that INIT is trading within a consolidation range between $0.6759 and $0.7434. The Relative Strength Index (RSI) is approaching the overbought zone, suggesting caution for potential short-term retracement. The Moving Average Convergence Divergence (MACD) shows positive divergence, indicating bullish momentum.

Immediate resistance is observed at $0.7434, with support levels at $0.6759. A breakout above the resistance could signal a continuation of the bullish trend, while a drop below the support may lead to further declines. Traders should monitor these key levels closely and implement appropriate risk management strategies to navigate the current market conditions.