💡 Quick Technical Analysis:
✅ Notable rebound! After dropping to $1.8082, KAITO experienced a sharp upward rebound reaching $1.9613, with a low at $1.7789 – which may indicate the beginning of an upward reversal wave.
✅ RSI Balanced! The Relative Strength Index (RSI) is at 46.78, indicating that the currency is not in overbought or oversold territory – there is still room for movement in both directions, but the bias is currently upward.
✅ MACD shows signs of recovery! The MACD indicator is still in the negative zone (-0.0276) but there is a convergence between the MACD line and the signal line, which may pave the way for a positive crossover in the coming hours.
✅ Good Trading Volume! The trading volume over 24 hours reached over 32 million USDT, reflecting notable interest in the market.
📊 Important levels to watch:
First resistance: $2.0289
In case of a breakout: We might see an attempt to reach $2.17 then $2.31
Strong support: between $1.90 and $1.80, which have been strong rebound points recently.
🚀 Expected Scenario:
If the current momentum continues and the price firmly breaks the $2.03 level, we could be facing a short-term upward wave towards $2.17 then $2.31. However, if the price fails to hold $1.90, it might retest the $1.80 level again.
🔥 Is KAITO preparing for a rocket launch? With increasing trading volume and the price holding above the $1.90 level, the opportunity may be ripe for entry before a new launch!
🎯 My Tips:
Watch the $2.03 level closely, as it is the key to the upcoming movement.
Do not enter with all your capital – stagger your entry and activate a stop loss.
Monitor the trading volume – any sudden increase may indicate a strong movement ahead.
📢 Share your opinion! Do you see $KAITO on its way to $2.40 again? Or do you think the correction is not over yet? 💬👇