Will $KAITO Reclaim $2 Today, or Face Resistance at $1.90? Can It Hit $3 in March?
$KAITO has been experiencing a period of consolidation after a strong rally. With bullish momentum slowing down, traders are watching key resistance and support levels closely. Will KAITO push past $2, or is a pullback imminent?
Current Market Overview
Price: $1.8360 (+24.42%)
24H High: $2.2600
Trend: Sideways consolidation after a strong pump
Key Levels to Watch
Resistance: $1.95 – A breakout above this level could drive the price toward $2.10 and $2.26.
Support: $1.78 – A break below could lead to further declines toward $1.65 and $1.50.
Technical Indicators
SAR (Stop and Reverse): The trend remains bullish but is losing strength.
MACD (Moving Average Convergence Divergence): A bearish crossover suggests a possible dip.
Order Book Sentiment: 33% buy-side, indicating strong selling pressure.
Trade Setup
Long Entry: Above $1.95, targeting $2.10 and $2.26.
Short Entry: Below $1.78, aiming for $1.65 and $1.50.
Stop-Loss: $1.80 to limit downside risk.
Conclusion
KAITO is in a cooling-off phase after its recent surge. A breakout above $1.95 could trigger another rally, while failure to hold support may lead to a pullback. Traders should closely monitor volume and price action for confirmation of the next move.
Can KAITO hit $3 in March? With strong bullish momentum and favourable market conditions, it remains a possibility. However, resistance at $2 needs to be cleared first.