$INIT Update: New ATH and Shift in Trend
Recent Price Action:
$INIT has achieved a new all-time high of $0.9857 following a significant rally from $0.2000. However, the trend has since shifted downward, with the price pulling back to around $0.7066.
Market Recap:
- ATH: $0.9857
- Current Price: $0.7066
- 24-hour Range: $0.6751 - $0.9480
Outlook:
If INIT fails to hold above $0.7000, selling pressure may intensify, potentially pushing the price lower towards $0.6500 or below. A rebound above $0.7500 could help stabilize the price and attract new buyers. Given the high volatility often seen in newly listed coins after major rallies, caution is advised.
