📉 $INIT Price Context
According to recent forecast data, INIT is trading around ~$0.09–$0.10 today, with minimal expected change.
The token is significantly below its previous highs (~$1.44) from earlier in 2025, showing a deep correction from peak levels.
📊 Technical Structure
The daily chart structure shows a prolonged downtrend with lower highs and lower lows — typical bear market behavior.
Indicators show mixed signals:
• Short-term price above very short EMAs but below longer-term 50/100/200 EMAs, signaling bearish alignment.
• RSI is neutral (~50), indicating neither oversold nor overbought conditions currently.
📌 Key Levels to Watch
Immediate resistance: Around $0.107–$0.12 — needs a close above this to validate upside attempts.
Support zone: Near the current price area (~$0.09), where buyers may step in.
📅 Short-Term Outlook (Today to 1 Week)
Price forecasts project flat to slightly bullish movement, but momentum remains weak in the short term unless a breakout above resistance occurs.
🧠 Market and Project Sentiment
Recent network and exchange updates have had mixed impact — tech upgrades signal long-term support but short-term trading sentiment is bearish to neutral.
Summary:
$INIT /USDT continues to trade with bearish pressure, confined below key longer-term moving averages. Today’s price action looks range-bound near support, with potential upside only if it convincingly breaches the immediate resistance levels. Short-term volatility may persist, so traders often wait for clearer breakout confirmation or macro market improvement before committing.
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