Suddenly dropped from $0.8319 to $0.6781 - a sharp decline of -18.5% from the recent local high. The price is now hovering above a critical support area near $0.6640.#INIT The last bounce was from $0.6171, which could act as the next defensive line. The order book is narrow, with buying pressure at 51.31% versus selling pressure at 48.69%, indicating uncertainty.
⚡ Key Insights:
If $INIT loses $0.6640, the decline may accelerate towards support at $0.6171. However, any recovery above $0.6980 could lead to a short squeeze towards $0.7460.
Watch closely as $INIT hovers on the brink of collapse!
