$INIT has fallen sharply, down 44.52% in the last 24 hours to $0.1526. This significant drop was accompanied by $44.24 million in trading volume.
This indicates strong selling pressure. My view is bearish. The sharp decline suggests a lack of buying interest at current levels.
For a bullish reversal, I would look for $INIT to reclaim the $0.20 level with sustained volume. Continued high volume on further declines would confirm this bearish outlook.
#INIT #MarketWatch
This indicates strong selling pressure. My view is bearish. The sharp decline suggests a lack of buying interest at current levels.
For a bullish reversal, I would look for $INIT to reclaim the $0.20 level with sustained volume. Continued high volume on further declines would confirm this bearish outlook.
#INIT #MarketWatch
