$INIT Faces Rejection at $0.9 ResistanceAnalysis: OMXSTO:INIT has been rejected twice at $0.9, forming a double-top pattern on the 1H chart. The RSI is showing divergence, dropping to 55 while price remains flat, signaling weakening momentum. A bearish MACD crossover is forming. Short below $0.84, targeting $0.80, with a stop-loss above $0.86.
Key Levels: Resistance: $0.85, $0.87 | Support: $0.80, $0.77
Indicators: RSI (55, Divergence), MACD (Bearish Crossover)
INITUSDT trade ideas
$INIT Bullish Momentum Building on Mainnet HypeAnalysis: OMXSTO:INIT ’s recent mainnet launch has sparked renewed interest, pushing the price to $0.85 with a 12% gain in 24 hours. The daily chart shows a breakout above the 50-day EMA ($0.82), with the Stochastic RSI nearing overbought but signaling strong buying pressure. The Ichimoku Cloud is turning bullish, with the price above the cloud. Expect a move toward $1.00 if momentum holds, but watch for profit-taking near $0.90. Place a stop-loss at $0.78 for safety.
Key Levels: Resistance: $0.90, $1.00 | Support: $0.82, $0.78
Indicators: 50-day EMA ($0.82), Stochastic RSI (80), Ichimoku Cloud (Bullish)
$INIT Poised for Breakout Above Key ResistanceAnalysis: OMXSTO:INIT is testing the $0.85 resistance level after a strong bounce from the $0.75 support, forming a bullish ascending triangle on the 4H chart. The RSI is at 60, indicating room for upward momentum, and the MACD shows a bullish crossover. A break above $0.87 could target $0.95, with strong volume supporting the move. Set a stop-loss below $0.80 to manage risk.
Key Levels: Resistance: $0.87, $0.95 | Support: $0.80, $0.75
Indicators: RSI (60), MACD (Bullish), Volume (Increasing)
Initia (INIT) Price Analysis Post-Launch on Gate.ioInitia (INIT) has shown promising initial performance post-launch on Gate.io, with a current price of $0.7906, reflecting a 16.26% increase. The 24-hour trading volume stands at 3704.36 INIT, indicating strong market interest. Technical indicators such as MACD suggest a bullish trend, with the DIF slightly above the DEA. However, investors should monitor the price closely for potential volatility as the market adjusts to the new listing.