$INIT
🔻 Big Sellers at Market 🔻
$INIT facing heavy sell pressure — caution ahead! 🛑🐻
$INIT is flashing bearish warning signals as big sellers hit the market hard 🚨📉. Recent price action shows clear distribution, and volume spikes 📊⚡ on red candles confirm that whales are offloading positions aggressively 🐋📤 — a major red flag for bulls.
RSI is diving lower 🤖📉, showing weakening momentum with no signs of reversal yet. MACD has flipped bearish 🔄🐻, crossing below the signal line — confirming downward pressure.
On-chain data echoes this weakness: exchange balances are rising 🏦⬆️, meaning more tokens are being sent to exchanges for liquidation. Whale distribution is increasing 🐳📤 and wallet growth is slowing 🐢📉 — clear signs of fading confidence.
Social sentiment has turned cold 💬❄️, with growing pessimism across platforms like Telegram and X 📱💀. Buy volume is drying up 📊⬇️ while sell pressure climbs 📉🛑 — a combination that often leads to deeper corrections.
With no solid support zones nearby 🚫🧱, downside continuation remains likely. Traders should manage risk tightly 🧯 and avoid catching falling knives.
Patience pays off 🧘♂️ — wait for true reversal signs backed by volume before re-entering.
⚠️ Not financial advice — always DYOR 🧠📚
🔻🛑🐻🚨📉📊⚡🐋📤🤖📉🔄🐻🏦⬆️🐳📤🐢📉💬❄️📱💀📊⬇️📉🛑🚫🧱🧯🧘♂️🧠📚