INIT - Will the Rising wedge breakdown?INITUSDT Perpetual ContractBYBIT:INITUSDT.PTheNutIsSuperNutINIT has been climbing inside a rising channel since mid-September, but the latest price action is raising an important question: are buyers losing control? After pushing toward $0.14, price pulled back sharply and is now testing the lower boundary of the channel around $0.12–$0.125. 📉 Levels I'm watching: $0.12–$0.125: Critical channel support area. Bulls need to defend it. $0.10: Potential downside level if support breaks. $0.088: Major downside target, approximately 29% below the current price shown on the chart. The bearish scenario: A confirmed breakdown below the rising channel could trigger further selling and open the door toward $0.10, followed by $0.088. The bullish scenario: If buyers defend the lower trendline and reclaim lost ground, the channel could remain intact, potentially allowing another attempt toward $0.14–$0.15. ⚠️ Remember: a rising channel can continue for longer than expected. I want confirmation, not blind predictions. What's your take? Is INIT preparing for another leg up, or are we about to see this channel break down? 👇