Oh my god, can you believe it, guys! $INIT is running like a rocket today, with candles shooting straight up—you’d think you were seeing the chart wrong 👀. On the 1H timeframe, the price is $0.2215, RSI is 77.0 (overbought), but volume has exploded to $9,602,471 USDT, and the H4 candle is 4.42x the average—clearly, strong money is flowing in. The 1D timeframe is even more astonishing: $INIT is up +36.89% in 24 hours, with a strong trend across all timeframes and the price holding above the major moving averages.
The interesting part is that Initia’s $2.7 million exploit on 23/10 looked like a disaster, but $INIT has recovered and surged—as if the market is underestimating the impact, or this is a classic short squeeze! The bug was only in MoveVM and did not affect the native INIT token. The team is auditing the patch, and hopefully we’ll soon hear that the network is back up. Whales are buying confidently too: top trader long/short ratio is 1.2973, taker buy/sell ratio is 1.2066, and OI is up 21.9%. A negative funding rate of -0.0429%/8h while the price is rising puts even more “pressure” on shorts, so another explosive move could be on the way.
Still, let’s stay level-headed: 1D RSI is 85.1, and 1H RSI is 77.0. Stoch RSI is pinned at the ceiling, so a short-term wobble is likely. Chasing the price here is risky—the easiest gains may already be behind us 😮💨.
The interesting part is that Initia’s $2.7 million exploit on 23/10 looked like a disaster, but $INIT has recovered and surged—as if the market is underestimating the impact, or this is a classic short squeeze! The bug was only in MoveVM and did not affect the native INIT token. The team is auditing the patch, and hopefully we’ll soon hear that the network is back up. Whales are buying confidently too: top trader long/short ratio is 1.2973, taker buy/sell ratio is 1.2066, and OI is up 21.9%. A negative funding rate of -0.0429%/8h while the price is rising puts even more “pressure” on shorts, so another explosive move could be on the way.
Still, let’s stay level-headed: 1D RSI is 85.1, and 1H RSI is 77.0. Stoch RSI is pinned at the ceiling, so a short-term wobble is likely. Chasing the price here is risky—the easiest gains may already be behind us 😮💨.
