🚨 $INIT
Rejected again at resistance... Has the correction begun?
$INIT failed once again to break through the pivotal resistance zone, after reaching 0.2230 without being able to sustain its upward momentum.
Following a strong rally from 0.11709, signs of increasing selling pressure near the highs have begun to emerge, raising the likelihood of a price correction.
📉 Key levels to watch:
- Main resistance: $0.22–$0.23.
- First downside target: $0.19.
- Second target: $0.18.
- Deeper target: $0.16.
📊 Expected scenario:
As long as the price remains below $0.23, the possibility of a correction remains, with the support zones mentioned above worth watching.
However, a break above $0.23 and holding above it could give buyers a chance to regain control and resume the uptrend.
🔥 Is INIT preparing for a new correction wave, or will buyers manage to turn the tables and break through resistance?
Watch the $0.23 level—it’s the key to the next move.
$ETH
Rejected again at resistance... Has the correction begun?
$INIT failed once again to break through the pivotal resistance zone, after reaching 0.2230 without being able to sustain its upward momentum.
Following a strong rally from 0.11709, signs of increasing selling pressure near the highs have begun to emerge, raising the likelihood of a price correction.
📉 Key levels to watch:
- Main resistance: $0.22–$0.23.
- First downside target: $0.19.
- Second target: $0.18.
- Deeper target: $0.16.
📊 Expected scenario:
As long as the price remains below $0.23, the possibility of a correction remains, with the support zones mentioned above worth watching.
However, a break above $0.23 and holding above it could give buyers a chance to regain control and resume the uptrend.
🔥 Is INIT preparing for a new correction wave, or will buyers manage to turn the tables and break through resistance?
Watch the $0.23 level—it’s the key to the next move.
$ETH