📉 Sharp volatility and a strong correction for $INIT after a price surge!
$INIT (Initia) has plunged by more than 42% over the past 24 hours and is currently trading around $0.1275. This follows a strong rally that pushed it to a high of $0.3950 before intense profit-taking set in.
🔍 A quick look at the chart (daily timeframe):
• Current support: The price is trying to hold above the 24-hour low of $0.1104, a key level for preventing further declines.
• Next resistance: To regain positive momentum, the price needs to move back above and hold above the nearby moving averages, around $0.1570.
• Liquidity: Trading volume remains very high (over 30 million USDT), indicating that the battle between buyers and sellers is at its peak.
💬 What’s your plan now? Do you see current levels as an opportunity to accumulate, or are you waiting for confirmation of a rebound? Share your thoughts! 👇
#INIT #Crypto #تداول #العملات_الرقمية
👑 #ABO_SHAMAN 👑
$INIT (Initia) has plunged by more than 42% over the past 24 hours and is currently trading around $0.1275. This follows a strong rally that pushed it to a high of $0.3950 before intense profit-taking set in.
🔍 A quick look at the chart (daily timeframe):
• Current support: The price is trying to hold above the 24-hour low of $0.1104, a key level for preventing further declines.
• Next resistance: To regain positive momentum, the price needs to move back above and hold above the nearby moving averages, around $0.1570.
• Liquidity: Trading volume remains very high (over 30 million USDT), indicating that the battle between buyers and sellers is at its peak.
💬 What’s your plan now? Do you see current levels as an opportunity to accumulate, or are you waiting for confirmation of a rebound? Share your thoughts! 👇
#INIT #Crypto #تداول #العملات_الرقمية
👑 #ABO_SHAMAN 👑
