$KAITO
1. Current price: 1.7528 USDT
24-hour high: 1.8999
24-hour low: 1.6106
This indicates a corrective movement after a clear rise that may continue.
2. Technical indicators:
Bollinger Bands:
The price is currently close to the middle band of the Bollinger Bands, after bouncing off the lower band (at 1.6106).
There is a possibility of continuing to rise towards the upper band if it maintains momentum.
MACD:
The yellow line (DIF) is above the blue line (DEA), and the signals are positive.
Histogram is positive => upward momentum.
RSI & Stochastic RSI:
RSI above 90 => in the overbought area.
Stoch RSI is also above 95 => we might expect a slight correction before continuing the rise.
Volume:
There is an increase in volume during the last breakout => indicates good liquidity entering.
Williams %R:
At -14 => also in the overbought area, same indication as RSI.
The price broke out from a clear low (1.6106) and is currently working on stabilizing above the average.
Short-term indicators support the continuation of the rise, but a slight correction may occur due to overbought conditions.
Nearest support: 1.7189
Nearest resistance: 1.7841 then 1.8999
4. Technical decision (not financial advice):
If you are in the trade: you might monitor 1.78–1.80, and if a stable breakout occurs, continue.
If you are considering entering: it’s better to wait for a slight correction to enter at a better price (for example, around 1.71–1.72)