$INIT /USDT – FRESH REJECTION FROM INTRADAY PEAK ZONE!

$INIT surged to a 24H high of $0.7400 before facing immediate rejection, forming a double top near resistance. Price has since pulled back to $0.6943, hovering just above the short-term support at $0.6840. This marks a clear sign of intraday weakness.

The 15-min chart shows decreasing bullish momentum, with lower highs forming and selling volume increasing. Bulls need to reclaim $0.7138 to regain control, else the current bounce remains corrective in nature.

Key Levels:

Resistance: $0.7400

Support: $0.6840

Breakout Confirmation: $0.7286

Trend: Sideways with bearish pressure building

Pro Tip: Watch for a break below $0.6840 to confirm short continuation.

Buy & Trade Here on $INIT

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