Deep Dive
1. Binance Delisting Aftermath (Bearish Impact)
Overview: Binance delisted INIT/BNB on November 7, 2025, following a 72.6% price decline over 90 days. While INIT remains tradable via USDT pairs, the removal fragmented liquidity and likely triggered stop-losses among BNB-denominated holders.
What this means: Reduced trading pair options often lead to short-term sell pressure, especially for smaller-cap assets like INIT ($17.3M market cap). Historical data shows similar delistings (e.g., FLM, KDA) caused 8–15% price dips within 48 hours.
What to look out for: Whether exchanges like Upbit or OKX absorb displaced liquidity – INIT’s 24h volume fell 44% to $15.2M post-delisting.
2. Technical Downtrend Acceleration (Bearish Impact)
Overview: INIT broke below its 30-day SMA ($0.119) and the critical 50% Fibonacci retracement level ($0.122), signaling weakened support. The RSI-14 (34.76) remains neutral but reflects persistent selling momentum.
What this means: Technical traders likely exited positions after the breakdown, exacerbating declines. The next support sits at the 78.6% Fib level ($0.108), aligning with INIT’s pivot point ($0.105). A close below $0.097 (swing low) could trigger another leg down.
3. Ecosystem Doubts Amplify Selling (Mixed Impact)
Overview: Critiques on X (Oct 13, 2025) questioned Initia’s competitive edge vs. Optimism/Celestia, citing stagnant TVL ($34M) and developer traction. While the team deployed appchain updates in August, adoption metrics remain muted.
What this means: Negative sentiment compounds price declines in low-liquidity environments. However, the recent Infinity Ground partnership (Nov 15) for interoperable gaming economies hints at long-term use cases – a potential counter-narrative if adoption materializes.
Conclusion
INIT’s drop reflects Binance-driven liquidity shocks, technical breakdowns, and skepticism about its multi-chain niche. While oversold conditions could invite a bounce near $0.097, the broader trend remains bearish amid “Bitcoin Season” dominance.
Key watch: Can INIT hold the $0.105 pivot point, or will breaking it confirm a retest of all-time lows ($0.5932 in April 2025)? Monitor Binance outflows and developer updates for reversal signals.