The $INIT agreement looks promising, but let's consider a few factors before making a decision.
What the chart shows:
- Current price INIT/USDT — 0.7366
- Growth over 24 hours — +8.87%
- 24-hour high — 0.7471, low — 0.6766
- Trading volume INIT — 16.07M, USDT — 11.48M
- Order ratio: 62.32% buy, 37.68% sell
Pros:
✅ The cryptocurrency is rising (+8.87%), which may indicate a positive trend.
✅ High trading volume indicates good liquidity.
✅ Demand prevails (more buy orders), which could push the price up.
Possible risks:
⚠️ The 24-hour high is close to the current price, which may indicate an approaching correction.
⚠️ Sharp price movements (0.6766 → 0.7471) may indicate volatility.
⚠️ Before buying, it is worth checking fundamental factors: news about the INIT project, market sentiment, etc.