Wait, did everyone just miss that massive liquidity grab at the bottom?


Looking at the $INIT ‌ daily chart, we finally saw a solid bounce off that $0.0733 support level. That was a textbook sweep before the reversal.
Right now, we’re sitting at $0.0954 and the price action is looking surprisingly healthy. We’ve managed to reclaim the mid-range, and the bulls are clearly trying to flip this previous resistance into a launchpad.
Volume is picking up too, sitting at over 54M. If we can close a few more daily candles above $0.0970, I’m looking at a straight shot back toward the $0.1018 mark.
I’m keeping an eye on the buy wall in the order book. It's heavily skewed at 63% which usually means some big players are holding the floor. Don’t get caught chasing if it wicks, but the momentum is definitely shifting.

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INIT-3.42%
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