$INIT trade setup next move

As of April 25, 2025, Initia (INIT) is trading around $0.7134 against USDT, showing a 9.91% increase over the past 24 hours. The token has experienced significant volatility, with a 24-hour low of $0.2000 and a high of $0.7793 on Binance.

CoinMarketCap +2 Binance

Technical Snapshot

Current Price: ~$0.7134 USDT

24h Range: $0.2000 $0.7793

Market Cap: ~$107.8 million

24h Volume: ~$635.9 million

Circulating Supply: ~148.75 million INITFully Diluted Valuation: ~$724.9

million

CoinGecko

Trade Setup: Potential Scenarios

Bullish Scenario:

Breakout Confirmation: A sustained move above the recent high of $0.7793 could indicate bullish momentum.

Target Levels: If the price breaks above $0.7793, the next psychological resistance could be around $0.80.Bearish Scenario:

Support Levels: Immediate support lies around $0.5851, as observed in recent trading.

Downside Risk: A drop below this

support could see the price testing lower levels, possibly around $0.50.

Binance

Trading Considerations

Volatility: The significant price swings suggest high volatility; ensure appropriate risk management.

Leverage: Binance Futures offers up to 5x leverage on INITUSDT perpetual contracts.

Ask anythingLiquidity: High trading volumes indicate strong liquidity, which is favorable for both entry and exit

positions. Binance +2

Suggested Trading Plan

Entry Point: Consider entering a long position if the price breaks and holds above $0.7793 with strong volume.

Stop-Loss: Place a stop-loss below the immediate support at $0.5851 to manage downside risk.

Take-Profit: Set take-profit levels at $0.80 and $0.85, adjusting as the

market evolves. Binanceabove $0.7793 with strong volume.

Stop-Loss: Place a stop-loss below the immediate support at $0.5851 to manage downside risk.

Take-Profit: Set take-profit levels at $0.80 and $0.85, adjusting as the market evolves. Binance