$INIT BEARISH REVERSAL – SELLERS PRESSURING HARD!
$INIT /USDT dropped from $1.4477 to $1.1654, recording a sharp -19.5% pullback after hitting major resistance. The volume remains high at 41.83M, showing sellers still dominating.
Current Price Range: • Resistance Zone: $1.2930 – $1.4477
• Support Zone: $1.1419 – $1.0940
Next Bearish Targets: • TP1: $1.0940
• TP2: $0.9820
If $INIT fails to bounce soon, it may test deeper support zones. Momentum has clearly shifted to the downside.