$INIT /USDT extended aggressively to 0.1354 and is now consolidating around 0.122–0.123 after a 60%+ expansion. Structure is still bullish higher highs and higher lows remain intact but short-term price is compressing after the breakout. This is momentum digestion, not weakness, unless support breaks.

Holding above 0.115–0.118 keeps continuation in play for a retest of 0.135, with extension toward 0.145+ if volume expands again. A loss of 0.115 would trigger a deeper pullback toward 0.105–0.110 before the next leg develops.