Analysis:
INIT has been rejected twice at $0.9, forming a double-top pattern on the 1H chart. The RSI is showing divergence, dropping to 55 while price remains flat, signaling weakening momentum. A bearish MACD crossover is forming. Short below $0.84, targeting $0.80, with a stop-loss above $0.86.
Key Levels: Resistance: $0.85, $0.87 | Support: $0.80, $0.77
Indicators: RSI (55, Divergence), MACD (Bearish Crossover)
Key Levels: Resistance: $0.85, $0.87 | Support: $0.80, $0.77
Indicators: RSI (55, Divergence), MACD (Bearish Crossover)
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