$INIT /USDT – Sharp Correction After Breakout Attempt

INIT is trading at $0.6696, down -24.66% in the past 24 hours. It hit a 24h high of $0.8908 and a 24h low of $0.6571, with a 24h volume of 77.90M INIT (~58.07M USDT). INIT, a Layer 1 project, is showing heavy sell pressure near key depth levels at $1.0022, $0.9857, $0.9298, and $0.8575, while the closest support is at $0.6571. Short-term momentum across 15m, 1h, and 4h timeframes suggests continued volatility. Watch for a reclaim above $0.7130-$0.7853 to indicate a potential reversal. Caution advised until stability above $0.7130 is confirmed.