INIT Surges 84.82% in 24 Hours Amid Volatile Recovery

On AUG 30 2025, INIT surged by 84.82% within 24 hours to reach $0.3539. The token has experienced a significant 354.35% rise over the past 7 days, but continues to face a broader 1624.97% decline over the last month. Despite this, the asset has demonstrated resilience with a 7240% gain over the past year.

The recent rally appears to stem from growing optimism around on-chain activity and network upgrades. Several nodes confirmed a recent soft fork implementation that improved transaction finality and reduced latency across the network. This update is expected to enhance scalability and lower gas fees, drawing renewed attention from both retail and institutional stakeholders.

The price movement coincides with a series of technical indicators aligning in bullish patterns. A breakout above the 200-day moving average was observed, supported by a narrowing bearish divergence in the RSI. Traders are closely watching the $0.37–$0.38 resistance level, where a continuation of the current momentum could signal a deeper recovery phase.

Technical analysts emphasize that the recent one-day jump of over 84.82% aligns with historical patterns where sharp price swings were followed by consolidation phases. The market structure suggests a potential reversal scenario if the price fails to maintain gains above $0.36 in the near term. Meanwhile, the 1-year trend remains intact despite the monthly drawdown, indicating a strong underlying bullish bias.

Backtest Hypothesis

Given the recent price behavior of INIT, a backtesting strategy can be evaluated to assess the viability of a momentum-based approach. The core hypothesis is built on the premise that assets experiencing a one-day price jump of ≥ 5% can be systematically entered, with a defined holding period or exit rule. Such an approach would test whether the market overreacts to short-term volatility, potentially creating exploitable opportunities.

To run this back-test, the following parameters can be considered:
1. Symbol: INIT.
2. Entry Rule: Buy at the next market open following a ≥ 5% one-day price increase.
3. Exit Rule: Close the position after a fixed holding period of 5 trading days.

This framework aims to evaluate the consistency and profitability of capturing post-breakout momentum in a market with high volatility and rapid price swings. By applying this strategy to historical data around the recent INIT rally, analysts can determine if such patterns reliably result in positive returns, independent of broader market conditions.