Binance has unveiled its 68th Launchpool project: Initia (INIT), a Layer 1 blockchain designed to unify appchains through interconnected infrastructure and aligned economic models.
Key Details:
Token Name: Initia (INIT)
Total Supply: 1,000,000,000 INIT
Launchpool Rewards: 30,000,000 INIT (3% of total supply)
Initial Circulating Supply: 148,750,000 INIT (~14.88%)
Farming Period: April 18, 2025, 00:00 (UTC) to April 23, 2025, 23:59 (UTC)
Listing Date: April 24, 2025, at 11:00 (UTC) / 4:30PM IST
Key Details:
Token Name: Initia (INIT)
Total Supply: 1,000,000,000 INIT
Launchpool Rewards: 30,000,000 INIT (3% of total supply)
Initial Circulating Supply: 148,750,000 INIT (~14.88%)
Farming Period: April 18, 2025, 00:00 (UTC) to April 23, 2025, 23:59 (UTC)
Listing Date: April 24, 2025, at 11:00 (UTC) / 4:30PM IST
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TradingDX
Photo
Downward Channel
The price is moving within a falling wedge or downward parallel channel (marked in black).
This pattern is typically bullish when it occurs in a downtrend, indicating potential reversal soon.
🧱 Support and Resistance Levels
Major Resistance Zones:
$0.3053
$0.4402
$0.4620
These are likely to act as major sell zones if the price breaks out upwards.
Support Zone:
Around $0.18 and below (currently holding)
🧬 Moving Average (MA)
A blue 50-day MA is shown:
Price is below the MA, which is typically bearish.
However, price is now consolidating and attempting to move sideways or break above the MA, a good early signal of strength.
⚠️ Trend Summary
Current Trend: Downtrend, but weakening.
Pattern: Falling wedge forming, which often precedes an upward breakout.
Momentum: Slight bullish divergence may be developing (not confirmed without RSI or MACD).
🔮 Potential Scenarios
🟢 Bullish Case
Breakout of the falling wedge and move above $0.22 (resistance near 50 MA).
If confirmed, potential target zones:
$0.3053 (first target)
$0.4402 – $0.4620 (next targets)
🔴 Bearish Case
Failure to hold above $0.18 zone may lead to retest of $0.15 or lower.
Breakdown from the wedge could increase selling pressure.
📌 Conclusion
The chart is technically bearish, but signs of potential reversal are emerging due to the falling wedge formation. A breakout above $0.22 with volume could signal a trend reversal.
The price is moving within a falling wedge or downward parallel channel (marked in black).
This pattern is typically bullish when it occurs in a downtrend, indicating potential reversal soon.
🧱 Support and Resistance Levels
Major Resistance Zones:
$0.3053
$0.4402
$0.4620
These are likely to act as major sell zones if the price breaks out upwards.
Support Zone:
Around $0.18 and below (currently holding)
🧬 Moving Average (MA)
A blue 50-day MA is shown:
Price is below the MA, which is typically bearish.
However, price is now consolidating and attempting to move sideways or break above the MA, a good early signal of strength.
⚠️ Trend Summary
Current Trend: Downtrend, but weakening.
Pattern: Falling wedge forming, which often precedes an upward breakout.
Momentum: Slight bullish divergence may be developing (not confirmed without RSI or MACD).
🔮 Potential Scenarios
🟢 Bullish Case
Breakout of the falling wedge and move above $0.22 (resistance near 50 MA).
If confirmed, potential target zones:
$0.3053 (first target)
$0.4402 – $0.4620 (next targets)
🔴 Bearish Case
Failure to hold above $0.18 zone may lead to retest of $0.15 or lower.
Breakdown from the wedge could increase selling pressure.
📌 Conclusion
The chart is technically bearish, but signs of potential reversal are emerging due to the falling wedge formation. A breakout above $0.22 with volume could signal a trend reversal.
💁Binance has officially announced that all users in India (new and existing) must re-verify their KYC to comply with anti-money laundering (AML) regulations.
This step is mandatory to continue using the platform without interruptions.
This step is mandatory to continue using the platform without interruptions.
🚨BREAKING 🚨:
💥 $1.5 TRILLION wiped from U.S. stock market today.
💰 Meanwhile, $60 BILLION flowed into crypto.
The rotation has begun.
Money is moving into crypto. 🚀
💥 $1.5 TRILLION wiped from U.S. stock market today.
💰 Meanwhile, $60 BILLION flowed into crypto.
The rotation has begun.
Money is moving into crypto. 🚀
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