$INIT Price has been tanking since its ATH of $1.44. Here are my thoughts on it:
As charted below, we see @initia price hitting HLs and LLs📉. Btw, the last HL (on the 4H timeframe) was around $0.8338.
At the current price of 0.7086 (at the time of writing), there are frail chances that we see a sudden rise in the token price for at least a month.
However, here are my predictions (not a financial advice please)
📸If the price hits $0.8338 again, we might see a slight increase of $INIT price between 0.85 to 0.93 (hopefully more).
📸 However, if the price drops to $0.64, we might see price tank to a range of $0.55 - $0.62.
IS THIS GOOD OR BAD?
I believe there is great hope; considering INIT is not up to 2 months in the market and has not dropped beyond its launch price.
Remember, this is not a financial advice.
Regardless of this, I strongly believe in @initia (a personal conviction/not professional advice). I have over 100 INIT staked for 4 years. Initia 4 Life