Here's a summary and analysis of the $INIT
/TRY market data:
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INIT/TRY Snapshot
Current Price: 19.79 TRY
(≈ $0.5006 USD based on exchange rate)
Price Change: -3.56% (24h)
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24-Hour Trading Range
High: 20.54 TRY
Low: 18.87 TRY
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Volume (24h)
INIT Volume: 1.54M INIT
TRY Volume: 30.33M TRY
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Moving Averages
MA(5): 71,989.8
MA(10): 77,406.3
(These likely refer to volume moving averages, not price)
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Price Levels from Depth Chart
Key Resistance:
21.58, 21.45, 21.01
Current Region:
20.44, 19.88, 19.79 (current price)
Support Levels:
19.31, 18.87, 18.74
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Analysis
The price is showing a moderate decline (-3.56%), which might indicate:
Profit-taking after a recent high of 20.54 TRY.
Testing of support near 18.87 TRY.
Volume is significant (TRY 30M+), indicating active trading interest.
Current consolidation around 19.79 TRY may act as a pivot for:
Short-term recovery toward 20.44–21.00 TRY if buying resumes.
Or further decline to 18.87 TRY support if selling pressure increases.
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