📈 Analysis and forecast for $INIT on Binance: what's next? 📉
At 09:36 EEST, July 10, 2025, the rate $INIT on Binance is $0.4123, showing an impressive growth of 17.5% over the last 24 hours. This spike reflects growing interest in Initia, the first modular L1 blockchain supporting developers through scalable solutions. Increased trading volume highlights community activity.
Technically, $INIT is in a strong upward trend. On the 4-hour chart, the 50-day SMA crossed above the 200-day SMA, signaling bullish momentum. The RSI (14) at around 68 is close to the overbought zone, indicating growth potential but requiring caution. Key resistance is located at $0.42, a breakout of which could open the way to $0.45. Support is observed at $0.39, below which is $0.37. Holding above $0.4123 supports the current momentum.
Forecast: in the coming days, INIT may test resistance at $0.42, with a chance of rising to $0.45 by mid-July 2025 if hype continues. By the end of 2025, a rise to $0.70–$0.90 is possible if ecosystem development and TVL growth continue. The long-term outlook for 2030 is $2.00+, assuming mass adoption and new partnerships. Risks include correction due to volatility and overbought conditions after the recent surge. However, support from Binance and the innovative model of the project add optimism.
Prospects? A growth of 17.5% and a price of $0.4123 are close to resistance at $0.42. Buying at $0.39 with a target of $0.45 and a stop-loss at $0.37 may be justified. INIT stands out due to its modular architecture and support from Binance, attracting investors. Community activity highlights speculative potential.
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