🚨🧨🔥🔥🔥Been keeping an eye on $INIT , and honestly, this price action is interesting.
💥💥$INIT is sitting around $0.19508, up more than 57% in the last 24 hours. That's a pretty big move, but what interests me most is how the price is behaving after the rally.
💥💥💥It climbed from roughly $0.128 and is now trying to find its footing around $0.195. The short-term moving averages are still looking positive, which is encouraging. But I don't think it's time to get carried away just yet.
💥💥For me, the $0.187–$0.190 zone is worth watching. If buyers manage to hold it, another attempt at $0.20975 could be on the table. If not, we might see a deeper pullback.
💥💥💥There's also something beyond the chart worth watching: Initia's recent infrastructure updates, including the MoveVM security patch and the reported temporary interruption to rollup block production. Network stability matters just as much as market momentum.
$INIT
💥💥$INIT is sitting around $0.19508, up more than 57% in the last 24 hours. That's a pretty big move, but what interests me most is how the price is behaving after the rally.
💥💥💥It climbed from roughly $0.128 and is now trying to find its footing around $0.195. The short-term moving averages are still looking positive, which is encouraging. But I don't think it's time to get carried away just yet.
💥💥For me, the $0.187–$0.190 zone is worth watching. If buyers manage to hold it, another attempt at $0.20975 could be on the table. If not, we might see a deeper pullback.
💥💥💥There's also something beyond the chart worth watching: Initia's recent infrastructure updates, including the MoveVM security patch and the reported temporary interruption to rollup block production. Network stability matters just as much as market momentum.
$INIT
