$INIT just closed above $0.33193 — the ceiling is gone.
Five hours ago this coin was $0.2748, asking whether the $0.2478 floor would hold. The tape answered it three ways in three hours: 01:00 UTC closed $0.23434 UNDER the floor. 02:00 reclaimed it at $0.26332. Then 03:00 closed $0.29114 on $1.95M, and 04:00 closed $0.34196 above the ceiling on $2.44M — the biggest INIT hour of the day.
Live $0.346, +56% in 24h, $39.1M Binance volume. But the forming hour already tagged $0.395 and is fading back toward the line on $3.21M — already the biggest INIT hour of the day, and the extension is being tested on its first hour.
The part that should make you pause: the chain is still halted. The Oct 23 exploit halt has no verified restart news — this is a +56% day on a chain that's switched off, against a soft board (BTC $73,876, -1.3%). And this coin already fell from the $0.33193 high to $0.23434 in three hours tonight. It gives back fast.
Chart (closed candles): RSI 68, above EMA20 $0.266 / EMA50 $0.222. $0.33193 is now the line — one close back below it and the extension fails on its first test. $0.2478 under that.
Not a call, either way. The 06:00 UTC close decides: does $0.33193 hold, or does the first test break it?
Five hours ago this coin was $0.2748, asking whether the $0.2478 floor would hold. The tape answered it three ways in three hours: 01:00 UTC closed $0.23434 UNDER the floor. 02:00 reclaimed it at $0.26332. Then 03:00 closed $0.29114 on $1.95M, and 04:00 closed $0.34196 above the ceiling on $2.44M — the biggest INIT hour of the day.
Live $0.346, +56% in 24h, $39.1M Binance volume. But the forming hour already tagged $0.395 and is fading back toward the line on $3.21M — already the biggest INIT hour of the day, and the extension is being tested on its first hour.
The part that should make you pause: the chain is still halted. The Oct 23 exploit halt has no verified restart news — this is a +56% day on a chain that's switched off, against a soft board (BTC $73,876, -1.3%). And this coin already fell from the $0.33193 high to $0.23434 in three hours tonight. It gives back fast.
Chart (closed candles): RSI 68, above EMA20 $0.266 / EMA50 $0.222. $0.33193 is now the line — one close back below it and the extension fails on its first test. $0.2478 under that.
Not a call, either way. The 06:00 UTC close decides: does $0.33193 hold, or does the first test break it?