initpriceanalyisis

Been keeping an eye on $INIT , and honestly, this price action is interesting.

INIT is sitting around $0.19508, up more than 57% in the last 24 hours. That's a pretty big move, but what interests me most is how the price is behaving after the rally.

It climbed from roughly $0.128 and is now trying to find its footing around $0.195. The short-term moving averages are still looking positive, which is encouraging. But I don't think it's time to get carried away just yet.

For me, the $0.187–$0.190 zone is worth watching. If buyers manage to hold it, another attempt at $0.20975 could be on the table. If not, we might see a deeper pullback.

There's also something beyond the chart worth watching: Initia's recent infrastructure updates, including the MoveVM security patch and the reported temporary interruption to rollup block production. Network stability matters just as much as market momentum.

My honest take: A big green candle gets attention, but what $INIT does after the excitement fades will tell us much more about its real strength.

#INITPriceAnalyisis .😇

$INIT .