$INIT Is there potential for new growth, or is another drop still ahead?
As for INIT, I wouldn’t rush to buy or sell right now. The main question
is whether the coin can regain buyers’ interest and hold above the nearest resistance levels.
My approach: don’t chase green candles—wait for confirmation of a move. If buyers start increasing volume, INIT may have a chance to recover. But if the price continues to lose support, another downward wave is possible.
But there’s an important point we can’t ignore.
 The situation took a sharp turn for the worse on November 12:
INIT is trading at around $0.13.
The 24-hour drop is approximately 40–50%.
The project has faced its second major attack in three weeks.
The network is halted, and the investigation is ongoing.
According to preliminary data, the latest attack caused around $3.27 million in damages. Some funds have been frozen.
My forecast:
I’m cautious about the coming days. A rebound is possible, especially after such a steep drop, but I wouldn’t buy just because the price is low.
For me, the main signals of a recovery are the network resuming operations, confirmation that it is secure, and buyers returning.
#INIT
As for INIT, I wouldn’t rush to buy or sell right now. The main question
is whether the coin can regain buyers’ interest and hold above the nearest resistance levels.
My approach: don’t chase green candles—wait for confirmation of a move. If buyers start increasing volume, INIT may have a chance to recover. But if the price continues to lose support, another downward wave is possible.
But there’s an important point we can’t ignore.
 The situation took a sharp turn for the worse on November 12:
INIT is trading at around $0.13.
The 24-hour drop is approximately 40–50%.
The project has faced its second major attack in three weeks.
The network is halted, and the investigation is ongoing.
According to preliminary data, the latest attack caused around $3.27 million in damages. Some funds have been frozen.
My forecast:
I’m cautious about the coming days. A rebound is possible, especially after such a steep drop, but I wouldn’t buy just because the price is low.
For me, the main signals of a recovery are the network resuming operations, confirmation that it is secure, and buyers returning.
#INIT
