【Kaito short-term breakthrough accumulates power. Can the key resistance level be broken? 】
Kaito (KAI) $KAITO
The weekly line ended three consecutive negative lines and closed with a medium-sized positive line. The daily line formed an upward channel after stabilizing the 0.012U support. The 4-hour MACD water golden cross continued, but the RSI touched the overbought zone 68 value. In the short term, attention should be paid to the previous high selling pressure of 0.015U. The on-chain data showed that the main address increased its holdings by 240% compared with $BNB in the past three days. The positive futures funding rate indicated that the bullish sentiment was warming up.
The key long-short watershed depends on whether 0.0147U can break through with volume. If it stabilizes, it will open up the space to explore 0.017U. If the retracement to the 0.013U neckline support is effective, it can be regarded as a second entry opportunity. At present, we need to be vigilant about the linkage risks brought by the fluctuation of the BTC market. It is recommended that holders set a trailing stop loss to protect profits.
