$INIT /USDT EXPERIENCES SHARP DROP — BEARISH PRESSURE INTENSIFIES NEAR SUPPORT ZONE
$INIT /USDT has declined by nearly 6%, sliding from recent highs around 0.64 to a low of 0.4747. The pair is currently trading at 0.4796, testing a key support level amid growing selling pressure. The sharp rejection from the 0.6400 resistance suggests strong bearish momentum, with sellers dominating the market.
Immediate support lies between 0.4747 and 0.4600. A break below this zone could trigger further downside toward 0.4400 and 0.4200. On the flip side, recovery is only possible if the price reclaims 0.5000 and holds above 0.5200, which may signal a short-term reversal.
Volume is notably increasing on the downside move, which confirms bearish strength. Until bulls step in with strong buying volume, the market bias remains negative.
Conclusion: $INIT/USDT is under bearish control. Traders should watch the 0.4600 level closely — a breakdown here may lead to another wave of selling.
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