Here's a breakdown of the $INIT /USDT trading data you've provided:
Current Price
$1.1794
Change: +45.07% in 24h — this suggests a strong bullish momentum.
24-Hour Trading Range
High: $1.2422
Low: $0.7814
Shows high volatility, with a wide price swing of ~59% in a single day.
Volume
$INIT Volume: 97.59M INIT
USDT Volume: 94.39M USDT
High volume indicates strong interest and liquidity.
Technical Indicators
SAR (Stop and Reverse): 0.9278 — price is above SAR, which usually signals an uptrend.
RSI (6): 88.04 — indicates the asset is overbought; a correction might follow.
MACD and Moving Averages are not shown, but likely bullish based on the price action.
Support/Resistance Levels
Support around: 0.9024 / 0.7799 / 0.6573
Resistance likely at: 1.2422 (24h high) and 1.2701
Summary
$INIT /USDT is in a strong uptrend but is currently overbought based on RSI. This could mean a short-term pullback or consolidation is coming. High volume and price action suggest ongoing interest, but caution is advised for new entries at this level.
