🚀INIT – “Initia Coiling Under $0.09: Modular L1/L2 Infra Loading Its Next Expansion Leg” 💥
Initia (INIT) is trading around $0.083–$0.088 on major spot markets, almost perfectly in line with your $0.0867 reference, while Binance INITUSDT perps sit a bit higher near $0.099, showing a small futures premium and active speculation. INIT carries a market cap of about $15M on ~177M circulating supply (max 1B), with daily volumes in the $4–5M range, which makes it a mid‑cap infra play with enough liquidity for structured swings but still early in its lifecycle.
Market context & structure:
Spot feeds cluster INIT today around $0.083–$0.086, down 3–5% in the last 24h but up strongly over the past week, reflecting a bullish short‑term trend with a cooling candle.
Binance’s reference and DeFi scanners show INIT up ~8% over 24h on some snapshots and ranked around #828 by market cap, pointing to a growing but still under‑the‑radar modular chain narrative.
With Binance Futures already listing INITUSDT perps (around $0.0992 currently), INIT has transitioned from spot‑only to derivatives‑backed, often the stage where serious swing traders start focusing on clear levels instead of blind DCA.
Fundamentally, Initia positions as a modular L1 + L2 infrastructure stack, which fits into the broader modular/blockchain‑infrastructure narrative many top traders favor during rotation phases.
Bias: Short‑term trend is up, but price is near the middle of the recent range, so best strategy is buying dips rather than chasing breakouts.
Entry zones
$0.0860 – Main entry
$0.0830 -
$0.0780 –
Targets
TP1: $0.0950
TP2: $0.1050
TP3 (aggressive): $0.1200
🛑 Stop‑loss
$0.0720
A decisive break under $0.075–$0.072 would mean INIT is giving back the recent up‑move and slipping into a deeper correction; below $0.0720 the current “buy‑the‑dip in an uptrend” idea is no longer valid.
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