While 41 of the top 48 coins are red today, INIT (Initia) is the loudest green on the board. 📈
$INIT ~$0.135, up ~30% today — opened at $0.104, tagged a $0.148 high, and it's still holding the move. Futures open interest jumped +26% in 24h and funding is negative, so shorts are paying longs here.
Zoom out though: INIT is still ~91% below its $1.44 all-time high, and it's a small ~$30M market cap — moves like this can reverse fast. Support $0.104, resistance $0.148 then $0.16.
$BTC ~$65,460 and Fear & Greed is at 10. In a market like this, green coins get noticed fast — but chasing a +30% candle is how spot bags get heavy.
Not financial advice. DYOR.
#Initia #Crypto #Altcoins
$INIT ~$0.135, up ~30% today — opened at $0.104, tagged a $0.148 high, and it's still holding the move. Futures open interest jumped +26% in 24h and funding is negative, so shorts are paying longs here.
Zoom out though: INIT is still ~91% below its $1.44 all-time high, and it's a small ~$30M market cap — moves like this can reverse fast. Support $0.104, resistance $0.148 then $0.16.
$BTC ~$65,460 and Fear & Greed is at 10. In a market like this, green coins get noticed fast — but chasing a +30% candle is how spot bags get heavy.
Not financial advice. DYOR.
#Initia #Crypto #Altcoins