INIT (INIT / USDT) — funding, open interest and structure
Mixed picture (−7.0% over 24h). A short lean, the scenario is developing.
What Sonarcast found on the INIT chart
Key numbers
- Price
- $0.1200
- 24h change
- -6.96%
- 24h volume
- $5.73M
- 24h high
- $0.1295
- 24h low
- $0.1171
- Market cap
- $26.30M
- Sector
- Layer 1
- Funding rate
- -0.001%
- Open interest
- $5.04M
- OI change, 24h
- -0.44%
- OI trend
- rising
- RSI (1h)
- 35
- ATR / price (1h)
- 1.70%
- Volume vs average
- 0.31x
What is happening
Open interest is changing noticeably — inflow or outflow of positions.
- Status
- Watching
- Stage
- Triggered
Facts
- Price below VWAP·5d (−10%)
- RSI 35
- MACD rising
- OI rising (+1% over 4h)
- Funding −0.001%
- Volume ×0.3 vs the 20-candle average
What each number means
Funding rateneutral
Funding −0.001%: neither longs nor shorts dominate, no overheating.
Open interestOI rising on a drop
The drop comes with rising OI (+1.0% over 4h): new positions are opening on the decline. OI does not say which side initiated. OI is accelerating.
RSIin range
RSI 35: neither overbought nor oversold — momentum is balanced.
EMA stackdowntrend
Price is below EMA200 and the averages are stacked bearish (20<50<200) — a steady downtrend.
MACDdownside pressure fading
The MACD histogram is below zero but turning up: downside pressure is fading, no reversal yet.
Volatility (ATR)volatility calm
Calm volatility (ATR 1.7%/h): a measured market, small moves. Volatility is compressing (squeeze).
Cumulative volume deltaflow flat
CVD is flat: neither buyer nor seller dominates the flow.
Recent moveno pump
No active pump — the coin is in its normal regime.
Volumevolume drying up
Volume is drying up (0.3× the 20-candle average): interest is fading — the move has no support.
Candlestick patternsbearish pattern
Pattern "tweezerTop" (1h) (70%): the figure favors sellers. Stronger if the next candle confirms it.
Volume profilebelow value area
Price is below the value area (VAL $0.1281) — the balance has shifted down, the seller dominates.
Pivot levelsbelow pivot
Price is below the daily pivot $0.1226 — an intraday seller lean. Nearest support $0.1142 (−4.9%).
Support and resistancebetween levels
Nearest levels: resistance $0.1278 (+6.5%) (strong, 4 touches).
Levels and structure
- Range high / low (last ~5h, 20 × 15m bars)
- $0.1216 · $0.1171
- Resistance
- $0.1278 · $0.1365 · $0.1390
Range and holding cost17 days
Where INIT sits in its recent range, how much it moves on an average day, and what holding a position has cost in funding.
- Window high
- $0.25782026-10-28
- Window low
- $0.11312026-10-23
- Price within the window
- 4.8%
- Average daily range
- 21.34%
- Up days
- 8 / 17
- Down days
- 9 / 17
- Best day
- +34.46%
- Worst day
- -28.08%
- Average funding
- -0.002%
- Time funding was positive
- 70.9%
- Open interest over the window
- -42.44%
The window is complete days through 2026-11-07; today is not in it — its move shows in the 24h high/low above. The chart uses closing prices, so its edges sit inside the window high and low.
| Date | Close | Change | Range | Funding rate | Open interest |
|---|---|---|---|---|---|
| $0.1217 | -6.61% | 8.23% | +0.003% | $5.13M | |
| $0.1303 | -2.14% | 9.97% | +0.005% | $5.84M | |
| $0.1331 | -5.14% | 17.54% | +0.002% | $6.01M | |
| $0.1404 | +14.28% | 22.55% | +0.003% | $7.04M | |
| $0.1229 | -8.55% | 12.34% | -0.012% | $6.08M | |
| $0.1344 | -28.08% | 31.72% | -0.008% | $6.34M | |
| $0.1869 | +1.89% | 20.89% | +0.003% | $9.24M | |
| $0.1834 | -2.75% | 13.44% | +0.005% | $9.30M | |
| $0.1886 | -13.64% | 25.33% | +0.002% | $9.30M | |
| $0.2184 | -2.16% | 16.97% | -0.029% | $13.53M | |
| $0.2231 | +34.46% | 60.82% | -0.024% | $13.35M | |
| $0.1660 | +5.96% | 31.45% | -0.001% | $10.40M | |
| $0.1566 | +3.91% | 16.62% | +0.005% | $9.80M | |
| $0.1507 | -5.39% | 14.36% | +0.005% | $10.52M |
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