๐จ BREAKING: $INIT surges more than +70% after a massive Short Squeeze ๐๐
Initia's token ($INIT) is breaking the charts, reclaiming ground up to the **$0.20 - $0.215** range.
Why is it rising so strongly? ๐
1๏ธโฃ **Aggressive Short Squeeze:** The Funding Rate fell to ultra-negative levels (-1.8%), triggering the cascading liquidation of more than $2.5M in short positions and accelerating forced buying.
2๏ธโฃ **Open Interest Explosion:** Open Interest doubled (+103%), surpassing $49M, and volume topped $99M, reflecting massive accumulation following the ecosystem restructuring.
๐ฏ **Technical levels to watch:**
โข **Key resistance:** $0.215 - $0.233 (Breaking above it opens the way to $0.28)
โข **Main support:** $0.200 - $0.170 (A defensive floor in case of profit-taking)
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๐ฌ Did you take advantage of the $INIT pump, or are you waiting for a correction before entering? Let me know! ๐
#Initia #INIT #BinanceSquare #CryptoTrading #ShortSqueeze #Altcoins
Initia's token ($INIT) is breaking the charts, reclaiming ground up to the **$0.20 - $0.215** range.
Why is it rising so strongly? ๐
1๏ธโฃ **Aggressive Short Squeeze:** The Funding Rate fell to ultra-negative levels (-1.8%), triggering the cascading liquidation of more than $2.5M in short positions and accelerating forced buying.
2๏ธโฃ **Open Interest Explosion:** Open Interest doubled (+103%), surpassing $49M, and volume topped $99M, reflecting massive accumulation following the ecosystem restructuring.
๐ฏ **Technical levels to watch:**
โข **Key resistance:** $0.215 - $0.233 (Breaking above it opens the way to $0.28)
โข **Main support:** $0.200 - $0.170 (A defensive floor in case of profit-taking)
---
๐ฌ Did you take advantage of the $INIT pump, or are you waiting for a correction before entering? Let me know! ๐
#Initia #INIT #BinanceSquare #CryptoTrading #ShortSqueeze #Altcoins