INIT/USDT Trading Analysis

Current Price Information

Current Price: 0.4259 USDT

24h Change: -7.63% (Rs120.78)

Category: Layer 1/Layer 2 token (Traders League)

24-Hour Trading Range

High: 0.4679 USDT

Low: 0.4245 USDT

Volume (INIT): 13.71M INIT

Volume (USDT): 6.11M USDT

Technical Indicators

Moving Averages

MA(7): 0.4270 (short-term)

MA(25): 0.4353 (medium-term)

MA(99): 0.4453 (long-term)

Recent Price Levels

The price has been fluctuating between:

0.4568 (recent high)

0.4228 (recent low)

Volume Analysis

Current Volume: 17,974.4

MA(5) Volume: 93,577.7

MA(10) Volume: 141,121.3

Market Context

The token is currently trading near its 24-hour low (0.4245 vs current 0.4259) with significant downward pressure (-7.63% change). The price is below all three moving averages (7, 25, and 99-period), indicating a bearish trend. Volume appears to be declining compared to the 5 and 10-period moving averages, which may suggest weakening momentum in the current trend.

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