📈 Analysis and forecast for $INIT : what's next? 🚀
As of June 3, 2025, 10:17 EEST, the exchange rate $INIT on Binance is $0.8298, with a 14% increase over the last 24 hours. The trading volume for the day has risen to $127.58M, market capitalization is around $124.7M with a circulating supply of 150M tokens. The growth is related to the excitement following the listing and integration with the Initia ecosystem.
Technically $INIT shows bullish momentum. On the 4-hour chart, the price broke $0.78, and the RSI (62) indicates increasing interest without being overbought. Resistance is at $0.89, support is at $0.78. Breaking $0.89 could push the price to $1.02, while a drop below $0.78 would strengthen the correction. Posts on X indicate bearish signals upon breaking the consolidation of $0.89–$1.02, but the current rise contradicts this scenario.
Forecast: by mid-June, INIT could reach $1.10–$1.20 if volumes are maintained (according to market analysis). By the end of 2025, a rise to $2.50–$3.00 is possible if the project enhances its utility (CoinCodex). The long-term target for 2026 is $5.00+, provided there is increased interest in Smart Contract Platforms. However, volatility and low data history are risks.
Further prospects? The price of $0.8298 is close to resistance at $0.89. A 14% increase in a day is a strong signal, but take profits at $1.02. Set a stop-loss at $0.78. On X, traders express caution, waiting for trend confirmation. Considering the instability and limited liquidity, trade carefully! #INIT #Binance #CryptoAnalysis
