INIT/USDT Price Breakdown: Post-Gate.io Listing

With Initia (INIT) now listed on Gate.io, traders are keenly observing its market performance. The current price of INIT is $0.7906, showcasing a robust 16.26% increase. This upward trend is supported by strong trading volumes, currently at 3704.36 INIT, which signals active market engagement. Technical analysis tools like MACD are indicating a bullish momentum, with the DIF line slightly above the DEA, suggesting further upward potential. However, traders should keep an eye on the RSI to avoid overbought conditions. Overall, the initial market response to INIT's listing is positive, but caution is advised as the market continues to absorb this new listing.