KAITO soars 41.5% in 24h, outperforming the crypto market! 🚀📈

While the crypto market fell 4.1% in the last day, KAITO surprised with a jump of 41.5%, reaching an intraday high of $2.92. Here are the highlights:

Key Data:

Market Capitalization: Rose from 440 million to 600 million**.

Trading Volume: More than doubled, reaching $1.97 billion.

Futures: Open interest in the KAITO futures market hit a record of $192 million, with a 66% increase.

Reasons Behind the Surge:

Demand for Derivatives: Significant increase in trader interest, with funding rates rising again, indicating optimism.

AI Hype: Nvidia's strong performance (revenue +12% in the quarter) boosted AI-related cryptocurrencies, such as KAITO, SHELL (+27%) and CARV (+68%).

Whale Activity: An unidentified wallet bought $1.39 million in KAITO, reinforcing confidence in the token.

Technical Analysis:

Bullish Indicators:

Aroon Up: 100% (strong buying pressure).

RSI: 82 (sustained bullish momentum).

Broke Resistance: Surpassed the resistance of $2.1, which had been tested three times in February.

Traders' Forecasts:

Team LAMBO Charts: Projects a target of 3, with potential for 5 in the long term.

CryptoBull_360: Identified a symmetrical triangle pattern, another bullish signal.