Spot Profits

📉 $KITE Technical Analysis (4H Chart)

#KITEAnalysis #altcoins #BTC #TradingAnalysis

🔹 Current Price: 0.0784 USDT

Change: -14.50% (24H)24H High: 0.092424H Low: 0.0752


📊 1. Trend Overview

$KITE is currently in a short-term downtrend after failing to stay above 0.09 resistance.

Price is now trading below the 7 MA and 25 MA, which confirms bearish momentum on the 4H timeframe.


📍 2. Key Levels

Support Zones

0.0750 – Major short-term support

0.0700 – Strong demand zone

Below 0.070, price may revisit 0.05

Resistance Zones

0.0850 – First resistance (MA cluster)

0.0900 – Psychological resistance

0.1330 – Previous high and major reversal zone


📈 3. Moving Averages (MA)

MA(7): 0.0805 → Above price = Bearish

MA(25): 0.0811 → Trend still weak

Price sitting below short-term MAs = sellers still controlling the market.

If price closes above 0.081, then a small recovery may start.


📉 4. RSI (6-period) → 35.64

RSI is near oversold but not yet extreme (not under 30).

This signals:✔️ Selling pressure slowing down❗ But no confirmed reversal yet

A bounce may occur near 0.075 – 0.070.


📊 5. Volume Analysis

A huge spike previously shows whale activity, but the recent candles show decreasing volume → sellers losing momentum.

Good for a possible short-term rebound, but trend still weak.


🌐 6. BTC Market Influence

If #BTC stays above key levels (especially 66k–68k), altcoins like #KITE stabilize.

If BTC drops sharply, $KITE will likely retest 0.07 or lower.

BTC dominance is affecting small-cap coins heavily right now.


🔮 7. Summary (Trader View)

📌 Bearish:

Price under MA(7) & MA(25)

RSI weak

Trend down on 4H

Volume declining

📌 Possible Bounce Zones:

0.075 (current)

0.070 (strong support)

📌 Bullish Only If:

Price closes above 0.081 on 4H

Break of 0.090 confirms reversal

Volume rises again


🚀 Final Trading Outlook

Short-term: Bearish

Mid-term: Neutral to slightly bullish if 0.07 holds

Long-term: Depends on BTC trend

Not a financial advice.

$KITE Current Rank On Market Cap is #231 with Market Cap of $150.4M.

#100 Tokken market cap is $500M approx.


If $KITE reaches top 100 with that Market Cap. It can at least double its price with current circulating supply.


✅ Coin Price Formula
Price = Market Cap ÷ Circulating Supply

Current Market Cap = $150.42M

Circulating Supply = 1.8B KITE


Apply formula:
Price=150,420,000/1,800,000,000
Price= $0.08357

Now you can calculate price of the Tokken by your self if it reaches to Top100.

Do your own research. Not a financial advice.

#KITEtoTheMoon

$NEIRO
It seems #NEIRO is oversold. Downtrend can go down till 0.00096000.

In spot market always buy in chunks to have better risk management.

Market is waiting on #USElections2024Countdown US elections and then market might take reversal.

Do your own research, don't buy by reading post only. Always Safe your money.

You can visit and follow my profile for further updates. Or Copy my Spot profile. ❤️

#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
I'm expecting BTC to come back to Bullish Mode in next week.