Below is an in-depth and latest update on three cryptocurrencies: INIT, OFFICIAL TRUMP, and MAGIC, including current price, technical analysis across time frames (15 minutes, 1 hour, 4 hours, 1 day), market information, and specific trading strategies for both Spot and Futures.
1. INIT (Initia)
Current price: $0.6136
24h volatility: -9.6%
24h trading volume: $137 million
Market capitalization: $90.9 million
Technical analysis
• 15M frame: Price fluctuating in the narrow range of $0.60–$0.63. RSI at neutral (~50), MACD giving slight divergence signal.
• 1H frame: Short-term downtrend, price below MA50. RSI dropping to the 40 range, MACD crossing below the signal line.
• 4H frame: Price approaching strong support at $0.60. If broken, it may drop to $0.55.
• 1D frame: Long-term uptrend remains if the price stays above $0.60.
Market information
• INIT listed on Binance Launchpool, attracting significant attention from the community.
• Trading volume surged after being listed on major exchanges like Gate.io and Coinbase.
Trading strategy
• Spot: Buy around the $0.60–$0.62 area, take profit at $0.68–$0.70.
• Futures:
• Long: When the price exceeds $0.65 with high volume, set SL at $0.62, TP at $0.70.
• Short: If the price breaks below $0.60, set SL at $0.62, TP at $0.55.
2. OFFICIAL TRUMP (TRUMP)
Current price: $11.15
24h volatility: +0.31%
24h trading volume: $576 million
Market capitalization: $2.23 billion
Technical analysis
• 15M frame: Price fluctuating in the $11.00–$11.30 range. RSI at 55, MACD giving slight bullish signal.
• 1H frame: Short-term uptrend, price above MA50. RSI at 60, MACD crossing above the signal line.
• 4H frame: Price approaching resistance at $11.50. If exceeded, may target $12.00.
• 1D frame: Long-term uptrend is sustained if the price stays above $10.50.
Market information
• OFFICIAL TRUMP was released by CIC Digital LLC, a company owned by Donald Trump, with 200 million tokens publicly distributed and 800 million tokens held by Trump-related companies.
• The price of TRUMP surged significantly after Donald Trump invited 220 top holders to a private dinner, creating significant upward momentum.
• However, over 760,000 wallets have recorded losses when investing in TRUMP, indicating the high risk level of this coin.
Trading strategy
• Spot: Buy around the $11.00–$11.20 area, take profit at $12.00–$12.50.
• Futures:
• Long: When the price exceeds $11.50 with high volume, set SL at $11.20, TP at $12.50.
• Short: If the price does not exceed $11.50 and drops below $11.00, set SL at $11.20, TP at $10.50.
3. MAGIC (Treasure)
Current price: $0.1593
24h volatility: -4.6%
24h trading volume: $27.7 million
Market capitalization: $50.8 million
Technical analysis
• 15M frame: Price fluctuating in the $0.158–$0.162 range. RSI at 45, MACD giving slight bearish signal.
• 1H frame: Short-term downtrend, price below MA50. RSI at 40, MACD crossing below the signal line.
• 4H frame: Price approaching strong support at $0.15. If broken, it may drop to $0.14.
• 1D frame: Long-term downtrend, needs to exceed $0.17 to confirm reversal.
Market information
• MAGIC is the native token of the NFT platform Magic Eden, which has expanded to the Avalanche blockchain.
• The price of MAGIC has decreased significantly since launch, currently down 97% from its all-time high.
Trading strategy
• Spot: Buy around the $0.15–$0.155 area, take profit at $0.17–$0.18.
• Futures:
• Long: When the price exceeds $0.17 with high volume, set SL at $0.165, TP at $0.18.
• Short: If the price does not exceed $0.17 and drops below $0.15, set SL at $0.155, TP at $0.14.
Summary
• INIT: Currently in a correction phase after a strong increase, need to monitor the $0.60 support area.
• OFFICIAL TRUMP: Potential for further increase if it breaks above resistance at $11.50, supported by events related to Donald Trump.
• MAGIC: Currently at a low price range, needs to exceed $0.17 to confirm a new uptrend.
Note: Trading strategies should be adjusted according to each investor's risk appetite and profit objectives.
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