The KAITO coin is currently experiencing a price explosion, having risen by +17.18% to trade at $2.3454, after reaching a daily high of $2.3805 and a lowest level in 24 hours of $1.9778.
---
🔍 Technical Indicators:
RSI (6) = 92.95 → In a very strong overbought zone, indicating strong upward momentum but with the possibility of a near correction.
MACD = 0.0158 with a clear positive crossover between DIF and DEA → Supports the continuation of the upward trend.
Moving Averages:
MA(5) = 733K vs MA(10) = 661K → Clear positive crossover that strengthens the upward trend.
Stochastic Indicator:
K = 84.74 vs D = 83.34 → Also in the overbought zone, indicating that the price may need a short pause before continuing to rise.
Trading volume: very strong at 13.05M KAITO, reflecting clear interest and new liquidity entry.
---
📈 Technical Recommendation:
Suitable buying area: In the case of a correction, $2.15 – $2.30 can be considered a good entry opportunity.
First Target (TP1): $2.50
Second Target (TP2): $2.75
Stop Loss (SL): $2.08 (below the previous support level near $2.10)
---
💬 Summary:
KAITO is in a strong upward trend with clear breakouts of previous resistances and strong buying momentum, but the presence of indicators in overbought areas requires caution of a temporary correction. If a slight pullback occurs, it could be an excellent opportunity to enter a new upward wave.
