UPDATE MARKET $INIT
The token price of $INIT is currently around $0.5371 or equivalent to Rp8,745, down -7.19% in the last 24 hours 📉. This movement was recorded after previously reaching a daily high of $0.5790 and touching a low of $0.5239.
Technically, the price of $INIT is still below all three EMA lines (13, 21, and 99), indicating that the medium-term trend is still under bearish pressure. However, the formation of a higher low around $0.4682 could be an early indication of potential reversal if confirmed with an increase in volume and a breakout from the short-term EMA.
The trading volume of INIT in the last 24 hours reached 27.97 million, indicating active participation from market players. Meanwhile, RSI(6) is at 45.91, nearing the neutral zone, indicating that there is currently no strong dominance between buyers and sellers.
With a significant decline of -52.86% in the last 30 days, this token should be watched as a candidate for potential rebound, but still with disciplined risk management and without rushing.
🚨 Stay alert for volatility, especially for tokens with relatively small capitalization and volume that can be easily moved by whales or market makers.
If INIT can hold above $0.53 and break through $0.58–$0.60 with significant volume, then the chances of reaching the $0.68 and $0.75 area are quite open in the short term. However, if selling pressure continues and drops below $0.50, then the $0.46 area will become an important support that must be maintained.
📌 Disclaimer: Not Promotion & Not Financial Advice
