$INIT just faced a long liquidation of $4.6479K at $0.11533. This means traders expecting the price to rise were forced to close their positions, creating sudden selling pressure. Long liquidations like this often push price lower until strong support appears.
The key buy zone to watch is around $0.108–$0.112 if price stabilizes with steady volume. If buyers regain momentum, the first target could be $0.122, and the next resistance may sit near $0.130. A careful stop loss can be placed below $0.105 to manage risk. Always trade cautiously and wait for confirmation before entering.