The $KAITO /USDT chart is currently showing a classic falling wedge formation on the 1-hour timeframe, which is typically seen as a bullish reversal pattern. After a period of declining highs and lower lows, the price is now stabilizing around the $1.52 mark — a key short-term support level.
This zone has held up well after a brief dip, suggesting that buyers may be stepping in. The recent price action indicates a potential fakeout below the wedge, followed by consolidation, which often precedes a breakout.
If bulls can maintain momentum and push the price above the upper boundary of the wedge particularly the $1.60 to $1.62 resistance zone it could trigger a bullish breakout, potentially targeting the $1.65 level and beyond.
The blue arrow on the chart reflects this upside potential. However, if the $1.52 support fails to hold, traders should watch for a possible continuation of the downtrend.
Overall, KAITO is at a technical turning point. A successful breakout from this pattern could shift sentiment and attract renewed buying pressure.
Keep a close eye on volume and price action near the $1.60 level for confirmation.
Buy here 👉🏻 $KAITO