🔴 $INIT (Daily Analysis)
In the coming days, INIT is expected to drop below ~$0.60, falling from its current ~$0.90–$1.00 range. This forecast is based on technical signals from Binance Futures data and current volume patterns.
Despite recent bullish attempts, bearish divergence is clearly forming on the daily chart. The price has struggled to hold above resistance, and momentum indicators are showing early signs of exhaustion. If Bitcoin experiences even a mild pullback, INIT could react more aggressively due to its lower liquidity and hype-driven structure.
Key Levels to Watch:
• Resistance: $1.00
• Current Range: $0.90–$1.00
• Target 1: ~$0.60
• Target 2 (if BTC drops hard): ~$0.45
Be cautious — the market may be setting a trap for late longers.