Initia ($INIT ) – new listing.

The current price of $INIT is around $1.11 - $1.29 USD. Over the last 24 hours, there have been significant price fluctuations with a range of $1.1267 - $1.3796. The trading volume over 24 hours remains high (around $80 - $254 million USD), indicating strong interest.

Due to the recent listing, long-term technical analysis is challenging. Short-term charts show significant volatility. After a sharp drop from $1.37, a bullish bounce is observed. RSI may be in the overbought zone after the recent rise. Support and resistance levels: The nearest support was observed around 1.24, from which a bounce occurred. Resistance may be tested at recent highs (1.37 and above). Near-term forecasts and outlook:

Short-term bullish momentum: After bouncing off support, a short-term bullish momentum is observed. Given the recent listing, high volatility should be expected. The market is still in the process of determining a sustainable direction after the listing.