Analysis: 
INIT’s 24H volume spiked to 673M, but the price failed to hold above $0.85, suggesting distribution. The 1H chart shows a bearish engulfing candle, and the MACD is crossing bearish. Short at $0.84, targeting $0.78, with a stop-loss at $0.87.
Key Levels: Resistance: $0.85, $0.87 | Support: $0.78, $0.75
Indicators: MACD (Bearish), Volume (High)
INIT’s 24H volume spiked to 673M, but the price failed to hold above $0.85, suggesting distribution. The 1H chart shows a bearish engulfing candle, and the MACD is crossing bearish. Short at $0.84, targeting $0.78, with a stop-loss at $0.87.Key Levels: Resistance: $0.85, $0.87 | Support: $0.78, $0.75
Indicators: MACD (Bearish), Volume (High)
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