KITE/USDT: Technical Analysis and Projection for the Hour
The KITE/USDT pair shows a strong bullish momentum in the short term, confirmed by a recent impulse that has surpassed key resistance zones.
In the 1-hour chart:
The price comfortably remains above the Moving Averages (MA) of 7 ($0.0986) and 25 ($0.0945) periods, validating the positive trend initiated from the support of $0.0885.
The 15-minute analysis reveals a slight correction from the recent high of $0.1009. However, the MA(7) at $0.0986 acts as immediate dynamic support, indicating a healthy consolidation phase after the rise.
Buying pressure is dominant in the order book, suggesting a high probability of continuation.
Projection for 60 Minutes:
The outlook is bullish as long as the quote remains above the psychological level of $0.0990.
The primary target for the next hour is to retest and surpass the resistance of $0.1009. A confirmed breakout of this level could quickly activate a move towards the next technical resistance at $0.1048. The bullish scenario would be invalidated if the price fell and closed sustainably below the support of $0.0986. It is noted that, being a "Seed" token, volatility is high. #KİTE $KITE #BinanceBlockchainWeek @KITE AI
