$INIT

🔍 Technical View

• Support Level: Around $0.71 – if broken, may see further downside.

• Resistance Level: Around $0.83 – the recent high before the sharp drop.

• RSI: Likely trending towards or below 30, indicating the asset may be oversold – but not a buy signal alone.

Volume: High selling volume can confirm the bearish move.

• Support reaction: If $0.71 holds, there might be a temporary bounce.

• News or fundamental triggers: Partnerships, listings, or updates could reverse sentiment.

Volume: High selling volume can confirm the bearish move.

• Support reaction: If $0.71 holds, there might be a temporary bounce.

• News or fundamental triggers: Partnerships, listings, or updates could reverse sentiment.

Note: I took the trade at 0.74 and now it is at 0.72.

Let’s see if we can get 0.69.

⚠️ This is not a financial advice. It is just an analysis and I am showing my own trade as a proof. DYOR