$INIT Just Went Parabolic – Unbelievable +228% Spike in One Candle!

$INIT exploded from $0.2000 to $0.6572 in just a few hours, printing a jaw-dropping +228.60% gain. This massive green candle has shocked the market and turned all eyes toward the Layer 1 gainer.

Current Price: $0.6572

24H High: $0.7100

24H Low: $0.2000

Volume: 47.99M $INIT

Chart Insight:

A straight vertical launch with no pullback—this kind of clean breakout often signals either smart money inflow or a short squeeze. The move is strong, and buyers are clearly in command.

What’s Next?

If $INIT holds above $0.6100, momentum could easily carry it toward a retest of $0.7100 or even higher. However, traders should stay alert for potential profit-taking after such an aggressive pump.

Caution:

While the move looks bullish, don’t chase blindly—wait for confirmation or healthy pullbacks before entering. Volume is high, but buyer-seller ratio shows some heavy selling starting.

Bottom Line:

#INIT just made one of the wildest moves of the day. Bulls are cheering, but smart entries now matter more than ever. Keep it on your radar—volatility could bring opportunity.