đš $INIT â Pump Dumped Hard, Bearish Wave Takes Control
đ Current Price: $0.5113
đ 24h High: $0.6722
đ 24h Low: $0.5066
đ» Daily Loss: -23.57%
đ Volume: 39.67M INIT | 23.23M USDT
đ©ž Post-Pump Breakdown:
$INIT saw a sharp reversal after a major rally â a textbook post-pump dump. The price action confirms bulls have lost grip, and bears are firmly in control unless a reclaim above $0.5550 happens soon.
đ§ Key Zones:
đ» Immediate Support: $0.5000 (psychological and technical level)
đ Below $0.5000: Opens room for deeper fall toward $0.4600â$0.4450
đŒ Resistance to Reclaim: $0.5550 â $0.5600 (first sign of strength)
â ïž Danger Zone: A break below $0.5000 = high risk of cascading sell pressure
đ Outlook:
Trend: Bearish in short-term
Volume: Still high = volatility likely to continue
Action Plan:
Wait for consolidation above $0.50
Avoid chasing until the price closes above $0.5550 on volume
Short-term bounce is possible, but trend remains fragile
â ïž Pro Tip:
This is not a dip you want to blindly buy â it's a falling knife. If youâre looking to trade it, wait for confirmation (strong green candle + volume + support hold) before entry.
