$KAITO /USDT – HEAVY SELL-OFF, WATCH FOR A REVERSAL
Price: $1.5522 (-11.44%)
24h High: $2.1200 | 24h Low: $1.2628
$KAITO has dropped sharply from its peak of $2.12, currently testing a critical support zone. The market is experiencing strong selling pressure, and a potential reversal or further decline depends on whether the current support holds.
Key Levels to Watch
Resistance: $1.6200 – A break above this could signal recovery toward $1.7500.
Support: $1.5400 – Losing this level could send KAITO toward $1.4000.
Trade Setup
Long Entry: Above $1.5700, targeting $1.6200 and $1.7500.
Short Entry: Below $1.5400, aiming for $1.4500 and $1.4000.
Stop Loss: $1.5300 (long) | $1.5900 (short).
Market Insight
MACD remains bearish, indicating continued downside risk.
Volume has decreased, showing declining momentum.
A bounce from support at $1.5400 could trigger a relief rally.
Traders should wait for confirmation before entering positions.