INIT/USDT Update
INIT is facing strong downward pressure today, currently trading at $0.7665, down -13.33% in the last 24 hours.
The 24h low touched $0.7558, showing signs of heavy selling momentum.
Volume remains high with 63.17M INIT traded, signaling strong market activity.
The chart shows a clear bearish trend, with lower highs and lower lows forming consistently.
The Stochastic RSI is in the oversold zone, suggesting that a potential short-term bounce could occur.
However, caution is needed as the overall market sentiment remains weak.
Key support to watch: $0.7558.
If INIT holds this level, a recovery could be possible — otherwise, further downside may be ahead.
Stay alert and manage your risk carefully!
#INIT #USDT #CryptoTrading #Binance