$INIT /USDT Market Overview:

Current Price: $0.6594 (-25.22% — very strong selloff)

24h High: $0.8959

24h Low: $0.6571 (very close to the current price — testing the bottom)

24h Volume (INIT): 77.58M

24h Volume (USDT): 57.97M

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Technical Indicators:

MA60: $0.6654

(Current price is below MA60 — bearish.)

Nearby Price Levels:

0.6730 (Resistance)

0.6701

0.6673

0.6644

0.6616

0.6594 (Current)

0.6571 (24h Low)

Volume:

Vol: 17,466.2

MA(5): 14,853.1

MA(10): 34,743.0

(Volume is active but lower compared to 10MA — suggesting sellers slowing a bit.)

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Quick Analysis:

Massive Drop: ~25% down is a huge drop within 24 hours — might be from a listing event, token unlock, or bad news.

Testing Support: Price is sitting at the 24h low, a critical level.

Volume Behavior:

Heavy earlier, but currently tapering off a little — could hint at an incoming small bounce or stabilization.

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Summary Thought:

Risk is very high — extremely volatile.

If $0.6570 breaks, could drop fast toward $0.60.

If it holds above $0.6570, relief bounce toward $0.67–$0.68 possible.

Needs strong volume support to recover — otherwise, be very careful.

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