INIT +797.51% in 24 Hours as Strong Buy Momentum Accelerates

On SEP 8 2025, INIT rose by 797.51% within 24 hours to reach $0.3493, INIT rose by 1154.67% within 7 days, rose by 1113.82% within 1 month, and rose by 8210% within 1 year.

The cryptocurrency has demonstrated a dramatic price surge, reflecting a powerful rally driven by renewed investor interest and accumulation activity. Over the past 24 hours, the 797.51% gain marked a sharp breakout, suggesting a reversal in market sentiment and a shift toward bullish momentum. The price action aligns with key on-chain indicators showing increased wallet consolidations and reduced sell pressure, which analysts have cited as positive signals for continued upward movement.

Technical indicators confirm the strength of the recent rally. The Relative Strength Index (RSI) crossed above 60, indicating strong positive momentum, while the Moving Average Convergence Divergence (MACD) turned upward, reflecting growing buying pressure. These metrics, combined with a narrowing Bollinger Band, suggest a period of tightening volatility and a potential continuation of the upward trend.

The breakout has triggered renewed attention from investors, many of whom are positioning for follow-through gains. Analysts project that the current trajectory could see further price expansion if the rally holds above key resistance levels. A sustained close above the $0.35 psychological threshold could unlock broader institutional interest and attract new liquidity into the market.

Backtest Hypothesis

To evaluate the potential for continued bullish momentum, a backtesting strategy has been proposed. The strategy is based on a combination of moving average crossovers and volume-based filters. Specifically, it involves entering long positions when a 20-period exponential moving average crosses above a 50-period moving average, while also confirming higher trading volume on the crossover day. The strategy exits positions when the moving average crossovers reverse or when the price breaks below a 20-period support level.

The backtest aims to validate whether the current price environment mirrors historical conditions that have led to extended bull phases in the past. Given the recent price behavior and technical alignment, the hypothesis is that the current setup could yield positive results if the market continues to act in accordance with the indicators.