$INIT I’ve been watching Initia (INIT) closely today, and the movement is absolutely wild. It just pulled off a massive 37% surge in the last 24 hours, currently trading around $0.133.
The volume is exploding, but there are some mixed signals on the chart that we need to talk about.
Here is what I’m seeing:
🟢 Why I’m Watching (The Discovery Phase)
To me, INIT is entering a "discovery zone." It recently debuted on a major exchange, which brought in a massive wave of fresh liquidity. The tech behind it, the "Interwoven Stack" is designed to make launching custom blockchains as easy as possible, and the network is already seeing real revenue from games like Civitia.
On the technical side, the short-term trend is very strong; the EMA7 has crossed above the longer-term moving averages, which is a classic bullish alignment. Some analysts are even calling for a move toward $0.20 if the "Altcoin Season Index" continues to climb.
🔴 What Worries Me (The "Whale Exit" Risk)
But I have to be the voice of caution here, this move is starting to look "overextended." My indicators show the MACD histogram has actually turned negative in the last hour, even while the price stayed high. This is called a "bearish divergence," and it often means the big buyers are exhausted.
I also noticed some sharp selling pressure in the futures market, with a 4% drop in just the last 15 minutes. There are rumors of "whale exits" near these peaks, and with the RSI hitting extreme levels, a "mean reversion" back toward the $0.10 support level wouldn't surprise me at all.
My Plan:
I love the modular narrative for 2026, but I’m not buying a vertical green candle at $0.13. I’m going to wait for a 4-hour close to see if the $0.115 level holds as new support.
if it stabilizes there and the MACD flips back to positive, that’ll be my signal to look for a long entry. Otherwise, I’m staying on the sidelines to avoid getting caught in a pullback.
#INIT #Initia