$INIT has surged 19% in just one hour—this move is pretty interesting. The price is now 0.238, up 96% in the past 24 hours, so market sentiment seems to be picking up. Trading volume is 2.6 times the usual level, which clearly suggests money is flowing in. The funding rate is still negative, but the price hasn’t fallen, showing that the bulls are holding firm. This rally feels like it could have more room to run, but be mindful of the risks and don’t chase it too high.