$INIT / USDT Still Showing Extreme Volatility After Massive Pump on Binance! ⚠️
Current Price: 0.7619 USDT
Change: +280.95%
$INIT / USDT on Binance continues to exhibit extreme volatility on the 4-hour chart after the enormous price surge.
Key Observations:
* Recent High (24h): 0.7793 USDT
* Recent Low (24h): 0.2000 USDT
* Volume (24h INIT): 385.19M
* Volume (24h USDT): 256.21M
The price remains significantly elevated after the initial pump and is currently testing the 24-hour high. The trading volume is still very high.
Considerations:
* Extreme Volatility: Expect very large and rapid price swings. Trade with extreme caution and manage your risk carefully.
* Potential Support Levels: Watch for potential support around previous resistance levels or the 0.70 USDT and 0.60 USDT areas. The 24-hour low is far below the current price.
* Resistance Level: The 24-hour high of 0.7793 USDT is the immediate resistance.
* Gainer Status: Still a massive gainer, but be aware of the potential for sharp corrections.
Disclaimer: This is not financial advice. Trading highly volatile assets carries substantial risk. Conduct very thorough research and understand the risks involved before making any decisions.
