$INIT

Support & Resistance Levels:

Immediate Support: $0.6727 (24h low), followed by $0.6171 (stronger support level).

Immediate Resistance: $0.7270 (MA-25 and recent consolidation top), then $0.7400 (24h high), and $0.8990 (previous high).

Technical Indicators:

Moving Averages:

MA(7) < MA(25): Bearish crossover.

Price below all MAs (7, 25): Indicates short-term downtrend.

MACD:

MACD line (DIF): -0.0160

Signal line (DEA): -0.0171

Histogram slightly positive: A possible bullish divergence forming, but still weak.

Trend Analysis:

The current trend is bearish overall due to price trading below key moving averages and lower highs forming.

However, consolidation around $0.68–$0.69 may hint at potential support, but confirmation is needed via higher volume or a bullish candle breakout above $0.7270.$INIT