Analysis and Signal for $KAIA /USDT on Binance

Analysis:

Current Price: $0.2363 (-9.64%)

24h Range: $0.2315 - $0.2657

The price has fallen close to its 24-hour low, indicating strong selling pressure. Immediate support is seen at $0.2315, and resistance is at $0.2403.

The moving averages (MA5 and MA10) show downward momentum, suggesting bearish sentiment in the short term.

Trading Signal:

Entry Point: $0.2360

Target (TP1): $0.2405

Target (TP2): $0.2470

Stop Loss (SL): $0.2305

Strategy:

If the price holds above the $0.2315 support, a bounce toward $0.2405 (TP1) is likely.

A breakout above $0.2405 could drive the price toward $0.2470 (TP2).

Use a Stop Loss at $0.2305 to minimize risks in case of a breakdown.

Disclaimer: Cryptocurrency markets are volatile. Use proper risk management and monitor the market closely.

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