$INIT
Based on your request to analyze the init currency ..
Before I start, I would like to inform you that new currencies are destined for destruction and their fate is similar to any of the currencies that have been recently listed ..
But let's analyze practically based on what I see ..
The range 0.54-0.61 is a very strong and critical rebound area for the currency .. However, in the worst case, it may only create a slight increase ..
The loss of this area remains important at 0.491
A daily close below it means the currency is finished and the drop to the area of 0.172 .. this is the expected price ..
As for the optimistic scenario, it is the rebound from the first order block at 0.54-0.61
Rising from there could bring the currency to prices
1.68
2.007
2.3
And if you were to ask me what to expect, I would tell you that the fate of new currencies is destruction ..
