$INIT /USDT

🟪 INIT/USDT Market Overview

Current Price: $0.5007

24h Change: -7.74%

24h High: $0.5768

24h Low: $0.4929

24h Volume:

INIT: 24.08M

USDT: $12.83M

📊 Key Technical Levels

TypePriceNotesResistance 1$0.5132Minor ceiling in last bounceResistance 2$0.5246Mid-depth resistanceResistance 3$0.5476Breakout thresholdCurrent$0.5007Testing key psychological levelSupport 1$0.4929Daily low & short-term floorSupport 2—Next visible support near $0.475 (approx.)

🧭 Technical Summary

🔻 Trend: Bearish

Strong intraday sell pressure.

Price is hovering just above the daily low — weak recovery attempts.

Lower highs forming → trend remains downward-biased unless a breakout occurs.

📉 Volume Insight

$12.83M in USDT → Moderate liquidity

Sell-dominant flows suggest cautious sentiment

No strong accumulation detected at current levels

🧠 Trade Scenarios

🔼 Bullish Rebound Setup

Trigger: Break and close above $0.5132

Target Range: $0.5246 → $0.5476

Invalidation: Fall below $0.4929 with increased volume

🔽 Bearish Continuation

Breakdown Level: $0.4929

Next Support Range: $0.475 – $0.465 (approximate historical interest)

Momentum Builds: If broader altcoin market remains weak

📌 Summary

Bias: Bearish to neutral (near critical support)

Crucial Support: $0.4929

Recovery Point: $0.5132+

Watch for: BTC/ETH price correlation and wider alt sentiment

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