🚀 "INIT Rallies ~20% After Punching Out of Downtrend—Eyed at $0.4596 Resistance"
🔹 Quick Stats (Mid-August 2025)
Price: ~$0.45–$0.50 (↑ ~16–20% over the past week)
Market Cap: ~$80 million (circulating ~162 million of 1 billion max)
Volume: ~$85 million (24-h)
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🔧 What Is INIT?
INIT is the token powering Initia, a blockchain protocol whose infrastructure details are emerging. It launched via significant rounds including a Binance Launchpool and airdrop campaign—raising around $24 million and distributing tokens to early users through community-focused allocations.
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📈 Highlights
Technical Breakout: INIT surged ~20.5% weekly after breaking out of a descending channel, now testing resistance at $0.4596, with $0.4184 acting as key support.
Healthy Market Momentum: Recent gains position INIT back toward its all-time high (~$1.43 in May 2025); still trading ~60–65% below that level.
Vesting Structure: Airdrop, liquidity pools, and launch allocations are fully unlocked, while foundation and contributor stakes have structured vesting to support long-term alignment.
