🚨 BREAKING: $INIT surges and triggers a massive Short Squeeze 🚀📈
Initia ($INIT) token explodes on the charts, climbing from $0.118 to nearly **$0.204** after trading resumed.
What's driving this rally? 🔍
1️⃣ **Aggressive Short Squeeze:** With an ultra-negative Funding Rate (-1.96%), more than $720K in short positions were wiped out in hours, accelerating forced buying.
2️⃣ **Record Volume:** Open interest grew +163% and spot volume +930%, confirming massive accumulation.
🎯 **Key levels to watch:**
• **Resistance:** $0.205 - $0.23 (Crucial for a move toward $0.28)
• **Support:** $0.165 - $0.145 (Key zone in case of profit-taking)
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💬 Did you manage to get in on $INIT's takeoff, or do you think a correction is coming? Let me know! 👇
#Initia #INIT #BinanceSquare #CryptoTrading #ShortSqueeze #Altcoins
Initia ($INIT) token explodes on the charts, climbing from $0.118 to nearly **$0.204** after trading resumed.
What's driving this rally? 🔍
1️⃣ **Aggressive Short Squeeze:** With an ultra-negative Funding Rate (-1.96%), more than $720K in short positions were wiped out in hours, accelerating forced buying.
2️⃣ **Record Volume:** Open interest grew +163% and spot volume +930%, confirming massive accumulation.
🎯 **Key levels to watch:**
• **Resistance:** $0.205 - $0.23 (Crucial for a move toward $0.28)
• **Support:** $0.165 - $0.145 (Key zone in case of profit-taking)
---
💬 Did you manage to get in on $INIT's takeoff, or do you think a correction is coming? Let me know! 👇
#Initia #INIT #BinanceSquare #CryptoTrading #ShortSqueeze #Altcoins