INIT (Initium) is facing heavy selling pressure as the market experiences an all-out dump thatâs rattling traders and investors alike đđ„. After a brief rally, INIT has crashed through key support levels, triggering panic selling and a sharp plunge thatâs sending shockwaves across the charts âĄïžđ».
đđ On-chain data reveals massive outflows from whale wallets and increased token transfers to exchanges đŠđ€âa clear sign that big holders are offloading positions rapidly. This flood of supply is overwhelming demand, causing prices to tank and liquidity to dry up fast đâ ïž. Sellers are dominating, creating a perfect storm for a deep correction.
đđ Technical indicators are flashing red! RSI has plunged into oversold territory đŠđŽ, momentum indicators are collapsing, and volume is spiking on the sell-offs đđ„. Price action shows consecutive lower lows and strong bearish candlesticks, confirming the intensity of the dump. The next major support zones are under threat, raising fears of further downside đ§±â ïž.
đŹđą Social sentiment is crashing too, with traders expressing concern and bearish outlooks flooding forums and chat groups đŁïžâ. Fear and uncertainty are spreading, and many are questioning whether INIT can recover anytime soon đđ.
Brace yourselves âĄïžđšâINITâs all dump phase could lead to a deeper shakeout before any recovery. If youâre holding, consider your risk carefully; if youâre watching, wait for clear signs of stabilization before jumping back in âïžđ. This downturn is intense but could set the stage for a stronger rebound down the line đ±đ.
Learn about init. It won't disappoint you. Very few coins are invested by Binance Lab. No more than one hand.
Bullish_Bella
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Bearish
#ANOTHERRRRRRRRRRRRđđšâčđ COIN NAMED $INIT IS BEEN HIGHLY DUMPED FROM PRICE OF $0.7 TO 0.4! MORE COINS TO DUMP??đđ€đ€đ„đ„ #BinanceSquareFamily
Crypto feels like being in a disaster. Just about to explode and then: Trump imposes taxes, everything collapses. Just about to soar and then Trump and Elon are cursing like crazy. Just about to take off and then war breaks out, UAVs hitting Russia. Just about to reach ATH and then Iran and Israel are at war. Better to short strongly đ€Łđ€Łđ€Ł
$INIT took a brutal dive from $0.67 to $0.51 â bears crushed it fast. Eyes on $0.50 support â bounce or breakdown? Break it, and $0.46 is calling. Bulls need $0.5550+ to breathe.
Iâm watching close⊠no rush, just signals. Follow for more. Share with your trading crew.
In just 1-2 days, the situation has turned 360 degrees. Current frightening things: - Aftershocks from the Sui hack - Trump imposing a 50% tax on the EU, not counting the remaining part. - The specter of 'sell in May' still looms. - After the BTC record price, there could be massive profit-taking.
In just 1-2 days, the situation has turned 360 degrees. Current frightening things: - Aftershocks from the Sui hack - Trump imposing a 50% tax on the EU, not counting the remaining part. - The specter of 'sell in May' still looms. - After the BTC record price, there could be massive profit-taking.