$INIT /USDT — Range-Bound After Distribution

INIT is trading around 0.0936, sitting in a clear post-distribution range after failing to hold the 0.105–0.109 highs earlier. The chart shows repeated lower highs with declining volume, which indicates sellers are no longer aggressive, but buyers are still cautious. Moving averages are flattening, confirming balance. This is a classic “reset zone” where leverage is reduced and the next move builds slowly. A clean reclaim above 0.096–0.098 would shift momentum back to the upside, while a loss of 0.090 would expose deeper support.

$INIT ‌

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