Wrapping up the day and analyzing the evening momentum! The INIT (Initia) trading pair from the “Tier 1 / Tier 2” category is showing strong upward momentum from its lows, gaining +25.27% over the day and trading at 0,15217 USDT (locally on the chart—0,15116).
Key metrics and technical chart overview:
After a deep pullback from the previous high of 0.25793 USDT and the formation of local support near 0.11779 USDT (with a 24-hour low of 0.11779 USDT), the asset printed a series of strong green candles, testing the daily high at 0.15382 USDT. The price is now trying to hold above the average price line.
24-hour trading turnover stands at 6.08 million USDT (with a volume of 45.05 million INIT), indicating active liquidity inflows during the evening. The Vol(INIT) trading volume during the previous major spike reached 43.3M.
The AVL average price has risen to 0.13560 USDT, acting as the nearest dynamic support for buyers. Meanwhile, the VWAP (14) indicator runs through 0.17727 USDT, the Parabolic SAR indicator is above the price at 0.19968 USDT, and the Supertrend (10,3) line is at 0.20132 USDT, marking key resistance for the bulls on the path to recovery.
⚠️ Evening momentum calls for caution due to the possibility of local profit-taking after the rapid rise. Don't give in to emotions (FOMO), be sure to set stop-losses, and manage your risk!
💬 How was your day? Can INIT hold above $0.155 and continue toward the $0.177 VWAP, or are you expecting a pullback to AVL? Share your thoughts in the comments, and have a lovely, peaceful evening, everyone! 👇
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