๐ INIT/USDT Technical Analysis & Prediction โ May 4, 2025 ๐
๐ก Current Price: $0.694
๐บ Recent High: $0.748
๐ป Support Zone: $0.68 โ $0.65
๐ฌ Sentiment: Mixed โ retail buying, whales selling
๐ Quick Breakdown:
โ
Price is consolidating after a pullback from $0.748
โ
Whale sell walls indicate profit-taking
โ
Retail buyers are supporting the $0.69 level
โ ๏ธ Volume is neutral โ no strong breakout signals yet
๐ฎ Short-Term Scenarios:
Pullback & Bounce to $0.65โ$0.68 โ Likely bounce zone (60% probability)
Breakout above $0.75 โ Needs big volume & strong momentum (25% probability)
Drop below $0.65 โ Would trigger a bearish wave (15% probability)
๐ Strategy Suggestion (DYOR):
๐น Watch for dips to $0.66โ$0.68 for re-entry
๐น Avoid chasing pumps unless volume surges
๐น Take profits gradually if entered low (below $0.65)
๐จ INIT is high-risk, high-volatility. Ideal for short-term trades, not long-term holds unless fundamentals improve.
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