$INIT /USDT UPDATE
After hitting 0.7298 yesterday, $INIT took a steep dive down to 0.6171 — strong selling pressure kicking in hard.
We’re now sitting at 0.6539, showing a small bounce, but it’s still feeling the weight.
Volume’s been heavy too — 72.75M INIT traded ($48.53M USDT), so there’s been real action behind the move.
Right now, 0.6171 is holding as support, but we’re testing that 0.6641 swing high.
Clear it, and we might see a stronger recovery.
Fail there, and bears could stay in control.
Short-term trend’s still down after that 0.7298 rejection — watching how price reacts around here.