Coinbase Announces Launch of New Perpetual Futures Market on International Exchange
Launch of INIT Perpetual Futures: Coinbase will launch the Initia (INIT) perpetual futures market on April 24, 2025, allowing traders to speculate on price movements without an expiration date for contracts.
Impact on Trading Options: This new offering is expected to attract both new and experienced traders, enhancing Coinbase's range of financial instruments in response to growing demand for diverse trading options in the crypto market.
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Technical Analysis for INIT
Technical Sentiment Analysis for Initia (INIT) As of , Initia (INIT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for INIT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, INIT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Initia (INIT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0181 | 0.0193 | 0.0485 | 0.0859 | 0.115 | 0.152 | 0.182 |
| Fibonacci | 0.0193 | 0.0447 | 0.0604 | 0.0859 | 0.111 | 0.127 | 0.152 |
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