KAIA has dropped by 7.39% to $0.1676, approaching the critical support level at $0.155.
Its market value has dropped to $1.01 billion, with a more than 31% decrease in trading volume over the past 24 hours.
KAIA has experienced a sharp decline of 7.39% over the past 24 hours, currently trading at $0.1676. Earlier, it touched a low of $0.1661, reflecting renewed selling pressure. Its market value has shrunk to $1.01 billion, down 7.38%, reflecting the price movement.
At the same time, trading volume has decreased by 31.88% to $41.99 million, indicating a drop in investor participation. The market cap ratio has stabilized at 4.14%, suggesting a decline in liquidity flow. With 6.05 billion KAIA tokens traded and no supply cap, market sentiment now hinges on key price levels and technical signals. Will the stock maintain its...
At its key levels or will it continue to decline?
Technically, the price structure has broken below the short-term support level near $0.172, indicating continued downside risks. If the bears maintain control, KAIA may retest a deeper support level at $0.155.
However, if buying resumes and the bulls regain control above $0.185, resistance may form near the $0.198 area. A clear breakout above this barrier could refresh bullish interest, targeting the $0.215 level. However, in the absence of sustained demand, the price may remain confined to a downward range.
The Relative Strength Index (RSI) has recorded a reading of 52.21, down from its previous peak, indicating a decline in momentum. Notably, the RSI line is now trending below its 14-day average of 65.90, reinforcing short-term bearish divergence. The weakness in relative strength confirms that sellers have begun to overcome recent gains.
The Chaikin Money Flow (CMF) remains positive at 0.27, indicating net inflows of capital. However, its stable trend reflects a decline in buying confidence. If the CMF turns negative, it could signal a shift in overall sentiment. No strong moving average crossover has indicated a bullish return. The absence of golden or deadly crossovers supports the idea of market hesitation.
With overall liquidity declining and short-term speculation slowing down, traders may prefer to avoid risk. Unless a reversal is achieved at the support level, technical indicators suggest continued pressure. However, the long-term bullish trend remains intact if buyers maintain key psychological thresholds.
With sentiment volatility and oscillators indicating weakness, a wait-and-see stance may prevail unless new catalysts emerge. Currently, the stock is facing two critical tests at $0.155 and $0.185, which will likely determine its next direction.