$INIT New currency funds are strongly bullish, focus on price breakout
Recent price trend:
As a new currency, the INITUSDT 4-hour chart shows that the price is fluctuating within a certain range in limited historical data, currently close to the upper limit of the recent fluctuation range near 0.7869 USDT.
Contract fund data analysis (latest data):
Very short term (15 minutes - 1 hour): Institutional and retail contract funds both show net inflow, with both parties buying in the short term.
Medium to long term (4 hours - 60 days): A very stable and continuous fund structure is presented: institutional contract funds continue to see a large net inflow, while retail contract funds continue to see a net outflow. Institutional accumulation is the main feature.
Technical analysis (4-hour chart):
Support: Around 0.75 USDT (the recent fluctuation range's low point).
Resistance: Around 0.85 USDT (the recent fluctuation range's high point).
Comprehensive analysis and risk considerations:
As a new currency, INIT's capital aspect shows a clear signal of long-term strong bullishness and accumulation of chips by institutions, contrasting with the continuous selling by retail investors. Combined with its high AI rating, this indicates potential upward potential.
Focus on range breakout: Closely monitor whether the price can effectively break through the upper limit of the current fluctuation range at the resistance of 0.85 USDT. A successful breakout may open up new upward space.
High volatility risk of new currency: As a new currency, INIT's price discovery is still ongoing, volatility may be large, and uncertainty is higher than that of currencies with a longer history.
Risk management: Always prioritize risk management. When trading new currencies, be sure to set stop losses and control positions reasonably to cope with potential high volatility.