Urgent Watch: $INIT Faces Bearish Pressure at 15m, Key Resistance at 0.3217–0.3303**
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$INIT remains under pressure after breaking below the latest swing low, signaling weakness in the 15-minute chart.
The price is currently pulling back toward resistance between 0.3217 and 0.3303, which may cap any upward bounce. Failure to reclaim above 0.3217 with strong bullish signals like an engulfing or reversal pin bar would likely keep sellers dominant. The immediate downside targets are 0.3039, with a further drop toward 0.2999 if bearish momentum continues. Traders might consider short positions on bearish rejection or failed breakouts near 0.3217–0.3230 confirmed by lower timeframe candles. Only a solid close above 0.3303 with strong buying confirms a bullish shift.
⚠️ This is an AI analysis and not financial advice.
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