$INIT – BEARISH PRESSURE BUILDING, WATCH FOR DOWNSIDE
$INIT is struggling to hold gains after multiple failed attempts to break above the $0.4629–$0.4687 resistance zone. Recent candles show strong rejection from the highs, followed by increased selling volume. Price is now consolidating near $0.4460, with key support at $0.4357. A breakdown below this level could accelerate downside momentum toward $0.4289. Sellers remain in control unless price reclaims and holds above $0.4530 with strength.