After the official buyback slowed down, market confidence in $Kaito seems to have slightly declined. The price has pulled back to the 0.618 Fibonacci retracement level, which has been very standard;

On the other hand, purely from a trend perspective, this wave of market movement seems not to be over yet, and the feeling of entering the fourth wave is quite obvious;

My ranking in Kaito staking has risen from over 170 to over 130, but during this period, I did not stake any additional Kaito, which indicates...

Some top stakers have unstaked, and they may gradually sell off next week, while the data on Dune shows that the overall amount of Kaito staked is still increasing, indicating that most of the funds buying and staking belong to mid-tier and tail-end users;

This wave looks a bit like a high-level handover, and there should be a noticeable correction within the next 7 days, as stakers, even if they unstake, need 7 days to sell...

The potential correction targets are currently at 1.7 and 1.5, with the extreme at the chip peak of 1.33. If this correction completes and the initial supply is absorbed, there is still a possibility of continued upward movement, with potential targets around 2.5;

Currently, Kaito's narrative and business model have been validated, and its self-profitability and industry position have been established. Therefore, this will be a long-term narrative, waiting for the correction to gradually clear the chips, allowing speculative funds that chased high to exit, which is the current theme.

If you are optimistic in the long term, you should patiently wait for the correction to take on some positions. If you are not optimistic, you should exit early, as the supply has not yet been fully released, and there is still room for downward movement...