🚀 INIT Soars Close to $1.20, Will It Break the Historical Peak of 1.48 – Update on 23/5/2025
#INIT #Initia #Layer1 #Rollup #DeFi
📊 INIT Price Overview
• Current Price: $1.16
• 24h Change: +13.6%
• Highest Price in 24h: $1.18
• Lowest Price in 24h: $1.014
• Market Cap: ~$171 million USD
• 24h Trading Volume: ~$332 million USD
• Source: CoinMarketCap   
INIT is maintaining a strong upward momentum, with increasing trading volume and interest from investors. The current price is near a key resistance level at $1.20.
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📈 Short-Term Trading Strategy
🟢 Buy Order (Long) – Priority
• Buy Range: $1.05 – $1.10
• Take Profit (TP): $1.30 – $1.40
• Stop Loss (SL): $0.98
• Probability of Success: 75%
• Reason: INIT is in a strong upward trend, with high trading volume and positive market sentiment.
🔴 Sell Order (Short) – Caution
• Entry Range: $1.20 – $1.25 (if reversal signals appear)
• Take Profit (TP): $1.05
• Stop Loss (SL): $1.30
• Probability of Success: 35%
• Reason: Should only be considered if clear reversal signals appear and trading volume decreases significantly. 
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Assessment: INIT is in a strong upward trend, with high trading volume and positive market sentiment. However, investors should closely monitor support and resistance levels to make reasonable trading decisions.
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