KAITO#KAITOCrypto
๐ฆ๐ถ๐ผ๐ฏ๐ช ๐พ๐ ๐ธ๐พ๐๐พ๐๐ ๐น๐๐๐ ๐ท๐ 18% ๐จ๐ฉ๐๐๐ ๐ฎ๐๐๐ $1.5โโผ๏ธ
The price of KAITO has been rapidly declining, approaching the $1.5 level, and could be on the verge of either a rebound or further decline. $KAITO /USDT โ Major Sell-Off, More Decline Possible?
Currently trading at $1.7265, KAITO is down 18.76%, dipping from its 24-hour peak of $2.1969 to a low of $1.7106. The massive sell-off is showing no signs of slowing, increasing the chances of more losses ahead.
Key Levels to Watch
Resistance: $1.85 โ If the price breaks above, KAITO could move toward $2.00 or even $2.10.
Support: $1.70 โ A breakdown below this level could push the price further down to $1.65 or $1.55.
Market Sentiment
Parabolic SAR: The bearish trend is still in play, signaling a continued downward pressure.
MACD: In the deep negative zone, indicating strong selling momentum.
Volume: Heavy sell-side pressure, with very few buyers stepping in.
Trade Setup
Long Entry: If price rises above $1.85, target $2.00 and $2.10.
Short Entry: If price falls below $1.70, target downside at $1.65 and $1.55.
Stop Loss: Place at $1.80 to guard against unexpected price reversals.
At this point, KAITO is in a strong downtrend. Unless thereโs a change in market sentiment, we could see prices test even lower levels soon. Keep an eye on the price action for signs of a potential reversal.
