$KITE  /USDT has been on a wild swing lately, and the recent price action shows both promise and risk in equal measure. After bouncing from a low of 0.0300 to touch 0.1250 within a single day, the token has cooled around 0.0797, signaling that short-term traders are taking profits while new buyers test support levels. The 165% jump in 24 hours isn’t a sign of steady momentum—it’s a sign of speculation. Volume remains heavy, which means interest is still there, but the sharp retracement shows the market isn’t convinced about KITE’s staying power just yet.
On the technical side, the 0.0670–0.0700 zone looks like a short-term support, while resistance near 0.1100 could cap any immediate rally. If the price breaks above that, the next leg might target 0.13, but if it slips below 0.065, we could easily revisit the earlier lows. The 15-minute and hourly charts show fading buying pressure, hinting at a possible correction before any sustained uptrend.
In plain terms, 
$KITE   is behaving like a coin driven more by hype than fundamentals right now. It’s drawing in fast money, not patient investors. The chart is attractive if you know what you’re doing, but it’s not for anyone chasing safety. Until the project shows something solid beyond price spikes, calling it a breakout might be premature.
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