📈 Analysis and forecast for $INIT on Binance: what are the further prospects? 📉
At 14:19 EEST, June 30, 2025, the price of $INIT on Binance is $0.4512, showing a growth of 7.97% over the last 24 hours. Increased trading volume and positive sentiment reflect growing interest in Initia, a promising layer-1 blockchain platform supported by Binance.
Technically, $INIT is in an uptrend. On the 4-hour chart, the 50-day SMA crossed the 200-day from below, signaling bullish momentum. The RSI (14) at around 60 indicates a neutral-bullish zone with growth potential. Key resistance is at $0.47, a breakout of which could lead to $0.50. Support is at $0.42, below which is $0.40. Holding above $0.4512 maintains optimism.
Forecast: in the coming days, INIT may test resistance at $0.47, with a chance to rise to $0.50 by the end of June 2025 if momentum is maintained. A rise to $0.55–$0.60 is possible by July if interest in scalable blockchains continues to grow. The long-term outlook for 2026 is $0.80+, provided the ecosystem develops and market trends are favorable. Risks include volatility and potential correction after airdrops or news regarding regulation. Market sentiment shows moderate optimism, with forecasts above $0.47, although some traders warn of consolidation.
Prospects? A growth of 7.97% and a price of $0.4512 are close to resistance at $0.47. Buying at $0.42 with a target of $0.50 and a stop-loss at $0.40 might be justified. INIT stands out due to innovations in scalability and support from Binance, attracting investors. Keep an eye on news about network development and community activity!
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