Upbit to Add Ether.fi, Resolv, Initia, and Spark to Its Listings
New Altcoin Listings: Upbit, South Korea's largest crypto exchange, will list four new altcoins—Ether.fi (ETHFI), Resolv (RESOLV), Initia (INIT), and Spark (SPK)—for trading against Tether (USDT) and Bitcoin (BTC) starting at 3:00 p.m. KST today.
Trading Restrictions and Initial Performance: To ensure a stable launch, Upbit will implement temporary trading restrictions, including blocking buy orders for five minutes and limiting sell orders. Initial trading saw Resolv leading in gains, while Ether.fi experienced slight losses.
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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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