A noob TA here,
If $INIT can hold this psychological price ($0.5), we might see an upward movement. But, if $INIT fail to hold this level, we might see $0.3xxx soon enough.
$0.3xxx mark is a fibonacci point. #INIT already lose the 1.618 price point and just from it, the chance to drop is bigger than the chance to bounce.
Get ready, anon 🫂🫂
