$INIT /USDT – Sharp Pullback After Recent Highs
INIT/USDT is currently trading at $0.6789 (-11.42%), showing notable weakness after failing to sustain above the $0.83 resistance. The 24h trading volume stands strong at 57.69M INIT / 42.52M USDT, indicating active participation despite the correction. Price action has slid from a 24h high of $0.8319 to a low of $0.6609, approaching key support near $0.6489. Depth levels show heavy sell pressure starting from $0.9110 down to $0.7014, while buyer defense begins at $0.6792 and weakens near $0.6609. If bulls fail to defend this zone, INIT may retest the next support level. Traders should monitor for a bounce above $0.7014 for short-term recovery or confirmation of bearish continuation below $0.6489.
