Initia/Tether Market Overview: Mixed Momentum and Key Support Tests

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Thursday, Nov 6, 2025 10:43 pm ET1min read
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- Initia/Tether (INITUSDT) dropped from $0.1191 to $0.1142 amid volatile 24-hour trading, hitting $0.1217 high and $0.1160 low.

- Volume surged to 800k at 19:15 ET but declined sharply, while RSI briefly dipped below 30, signaling oversold conditions without follow-through.

- Technical indicators show bearish momentum with MACD expansion, Bollinger Bands near lower band, and 20/50-period MAs below price.

- Key support at $0.1160–$0.1165 faces retest risks, with potential short-term bounce if price breaks above 20-period MA ($0.1184).

Summary
• Initia/Tether (INITUSDT) opened at $0.1191, hit $0.1217, tested $0.1160, and closed at $0.1142.
• Volume surged past 800k at 19:15 ET, then declined to ~200k by 12:00 ET.
• RSI briefly dipped below 30 near 19:30 ET, suggesting oversold conditions, but lacks a follow-through.

Initia/Tether (INITUSDT) opened at $0.1191 on 2025-11-05 at 12:00 ET, reached a high of $0.1217, dipped to a 24-hour low of $0.1160, and closed at $0.1142 as of 12:00 ET on 2025-11-06. Total volume over the 24-hour window was approximately 9.8 million contracts, with a notional turnover of roughly $1,137,600.

The 15-minute chart reveals a bearish divergence between price and volume after 19:30 ET, when the pair fell to $0.1160 on relatively high volume but failed to hold above the level. A bearish engulfing pattern is visible between 19:30 and 20:00 ET, indicating a shift in sentiment. Key support appears to be forming around $0.1160–$0.1165, with resistance at $0.1185–$0.1190. The 20-period moving average (0.1184) and 50-period MA (0.1192) have both moved below the price, suggesting a possible continuation of the current bearish trend.

MACD shows bearish

momentum
, with the histogram expanding during the selloff in late ET hours. RSI remains below 50, indicating weak bullish pressure. Bollinger Bands have expanded, with prices sitting near the lower band at times, signaling heightened volatility and potential for a short-term bounce. However, without a clear breakout above the 20–50 MA crossover, the bearish bias remains intact.

Fibonacci retracement levels from the recent swing high ($0.1217) to low ($0.1160) indicate potential consolidation near the 38.2% level ($0.1188), but the price has yet to test this. A move below $0.1160 may trigger a retest of the 61.8% level (~$0.1166), which could offer a short-term floor.

Looking ahead, Initia/Tether may find near-term direction if it breaks out of the $0.1160–$0.1185 range. Investors should be cautious of potential volatility, especially if volume spikes again near key support or resistance levels. A breakout above the 20-period MA (~$0.1184) could signal a reversal, but a sustained drop below $0.1160 may confirm further bearish momentum.

Backtest Hypothesis
For a practical RSI-based backtest on Initia/Tether, a 14-day RSI threshold of below 30 could signal entry opportunities, particularly around 19:30 ET, when RSI briefly dipped into oversold territory. An exit strategy using RSI > 50 as a trigger would allow for capturing rebounds. A stop-loss near $0.1160 and a take-profit at $0.1185 would manage risk effectively. Given the recent price behavior and volume dynamics, this approach could yield a viable short-term trading framework for the next 24 hours.