$INIT /USDT – Pullback After Pump, Watching Key Support Levels!
$INIT is trading at $0.7391 (-13.90%), facing a strong retracement after a recent high of $0.8592. It tested a low of $0.7130, with 24h volume reaching 52M INIT and $39.61M USDT, suggesting active profit-taking. As a Layer 1 token, INIT previously showed bullish momentum but now approaches critical liquidity zones. Key support sits near $0.7130, with resistance at $0.7891 and $0.8511. Order book depth shows dense sell walls around $0.8990–$0.9131, indicating pressure overhead. Short-term traders should watch for a reversal or further dip toward $0.6650 and $0.6171.
Pro Tip: Consider small size entries near support zones with tight stop-losses; volume spikes may hint at trend reversal.
