Current price: $0.9964 (updated at 06:15 AM, 19/05/2025)
1. Overview of Initia
Initia is a project that combines Layer 1 and Layer 2 technology to create a flexible and scalable platform for decentralized applications (dApps). The project operates on the Cosmos network and allows developers to build custom rollup chains – called 'Minitias' – tailored to user needs. Thanks to the Inter-Blockchain Communication (IBC) protocol, different rollups can easily communicate with each other, enabling asset transfer and data sharing across the network.
2. Trend analysis & impact information
• Technical: INIT is trading within a range of $0.90 to $1.04 in the past 24 hours, showing positive volatility. The RSI index is stable around 60, reflecting a balance between buying and selling pressure.
• Impact information: Initia has attracted community attention with the integration of new technologies and a significant increase in trading volume, reaching $243 million in the past 24 hours.
3. Suggested trading strategy
Long scenario:
• Entry: $0.95–$1.00
• Stop-loss: $0.90
• Take-profit: $1.10 – $1.20
• Probability of success: ~65%
Reason: If INIT surpasses the resistance level of $1.04 with increased trading volume, the likelihood of breaking out to $1.20 is high.
Short scenario (if support breaks):
• Entry: $0.90
• Stop-loss: $0.95
• Take-profit: $0.80
• Probability of success: ~35%
Reason: Should only be considered if INIT breaks strong support; however, the probability is low due to the overall trend still being accumulation.
4. Conclusion
Initia is in an accumulation phase with many technical signals and information supporting the next upward trend. The integration of Layer 1 and Layer 2 technology, along with an increase in trading volume, could be a catalyst for a new breakout. The long-term strategy has a higher probability of success; however, tight risk management and close monitoring of key support/resistance levels are needed. $INIT
