Bearish Signals for $INIT /USDT – Is More Downside Ahead? 📉
Dominant Red Candles: A series of strong red candles reveals intense selling pressure — bears are clearly in control.
Consistent Downtrend
Lower highs & lower lows = textbook downtrend. The momentum is clearly heading downward.
🧊 Near 24h Low ($0.5600)
Current price: $0.5719
Teetering near the 24-hour low — a break below $0.5600 could trigger further downside.
🐂 Weak Bullish Attempts ➡️ Strong Bearish Grip 🐻
Green candles are small and inconsistent — bulls are showing clear weakness in this fight.
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