🚀 Analysis and forecast for $INIT : is it time to exit? 📈
As of May 21, 2025, 10:55 EEST, the price $INIT on Binance is $0.954, with a growth of 10% over the last 24 hours. The trading volume for the day reached $27.17M, and the market capitalization is around $129.45M (according to X). The growth is linked to the recent TGE and listing on Binance, which enhances interest in the project supported by Binance Labs.
Technically, INIT shows a bullish trend. On the 4-hour chart, the price is holding above the support of $0.90, but the RSI (14) at 65 is approaching overbought levels. Key levels: support — $0.89, resistance — $1.00. A breakout above $1.00 could push the price to $1.10, but a drop below $0.89 would increase pressure towards $0.85. Analysts on X note a bullish wedge with a potential target of $1.8, but this requires confirmation.
Forecast: in the short term (by the end of May), INIT may reach $1.05–$1.10 if the momentum is maintained. By July 2025, a correction to $0.88 is possible due to volatility. The long-term target for 2026 is $2.00–$2.50, if the project implements a Web3 architecture with an FDV of $3B (according to Bitrue).
Is it time to exit? After a 10% rise and the current price of $0.954, taking some profit seems reasonable, especially considering the proximity to the resistance of $1.00. Set a stop-loss at $0.88 for protection. For long-term investors, holding with a target of $1.10 is justified, but keep an eye on volumes and news. $INIT is promising due to support from Binance Labs, but the market is volatile, so act with caution! #INIT #Binance #CryptoAnalysis
