$INIT Daily Analysis: $0.22, Growth +75% — Rally Amid Infrastructure Risks

Initia is up around 75% today, with my live price at $0.22. Momentum is very aggressive, but this increase comes as the network faces an infrastructure investigation.

Daily Fibonacci
Swing low reference $0.0490 – high $0.2579:

- 23.6%: $0.2085
- 38.2%: $0.1781
- 50%: $0.1535
- 61.8%: $0.1288
- 78.6%: $0.0937

Support: $0.2109 – $0.1809
Resistance: $0.2259 – $0.2579

Real market scenario:
Bullish: If INIT can hold above $0.2109 and break out past $0.2259, a test of $0.2579 could be in reach.

Bearish: If it fails to hold $0.2109, a correction toward $0.1809 becomes the main risk. Extreme volatility makes a rapid retracement very possible.

News Update:
On November 9, Initia announced an investigation into rollup infrastructure issues and temporarily halted the affected rollup. The team said it had found no impact on user funds, while the Layer 1 network remained online.

Important context: INIT also suffered a MoveVM exploit of around $2.7 million on October 23. So, today's price surge should be viewed alongside security and network stability risks.

Conclusion:
Growth of +75% indicates strong market momentum, but does not automatically mean fundamentals have recovered. Watch for the investigation results and rollup recovery. Don't chase the price without confirmation.