Technical Analysis of INIT Coin – April 29, 2025
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Current Price: Ranges between $0.74 and $0.81
Highest Price in 24 Hours: $0.819
Lowest Price in 24 Hours: $0.626
All-Time High (ATH): $0.960 (April 25)
All-Time Low (ATL): $0.593 (April 24)
Daily Change Percentage: Rise of about 29%
Daily Trading Volume: Approximately $300 million
Market Capitalization: $119 million
🌺Technical Analysis:
Overall Trend: Strong Bullish
Support: $0.625 and $0.593
Resistance: $0.819 and $0.960
RSI: In the Overbought Zone (Correction Likely)
Moving Averages: Price Above MA20 and MA50
MACD: Gives a Positive Signal
Market Opinion: 82% of Traders Are Optimistic
🌺Recommendation:
Potential Entry After Correction Near $0.625
Take Profit at $0.819 or $0.960
Using a Stop Loss and Capital Management is Essential
