$INIT
I’ve been tracking Initia (INIT) closely today, and it is absolutely tearing up the charts. It just pulled off a massive 55% surge in the last 24 hours, jumping from its recent lows to trade around $0.113.
Here is what I’m seeing:
🟢 Why I’m Watching (The Tech & Ecosystem)
To me, INIT is one of the most interesting "modular" plays in 2026. They aren't just another Layer 1; they are building an "interwoven" stack that lets developers spin up custom blockchains (rollups) while sharing liquidity.
The big fundamental driver today seems to be the success of their "Reactor" upgrades and the growing traction of on-chain games like Civitia, which is already pulling in real revenue. Plus, they’ve been busy with "gas optimization" updates this month, making the whole network much cheaper and faster to use. On the charts, the price just broke through a massive resistance level with huge volume, signaling a potential trend reversal after the rough patch earlier this year.
🔴 What Worries Me
But I have to be careful, a 55% jump in a single day is a lot of "heat." My RSI indicators are currently in overbought territory, hitting the 70+ mark on multiple timeframes.
I also noticed that while the MACD is still bullish, the momentum bars are starting to get shorter, which usually means the initial "buying frenzy" is cooling off. Some traders are already talking about opening short positions to catch a "mean reversion" back toward the $0.09 level. If it can't hold its current ground, we might see a sharp pullback as the early "dip-buyers" from February 6th start taking their profits.
My Plan:
I love the vision of an "interwoven multichain world," but I’m not chasing this vertical green candle. I’m going to wait for a 4-hour close to see if it can flip the $0.10 level into solid support. If it consolidates there and the volume stays healthy, I’ll be looking for a safer entry for the next leg up.