The cryptocurrency market is facing turbulent times. While Bitcoin hasn't been able to hit the $90K mark, KAITO has risen dramatically, increasing by more than 48.31%.
KAITO's Rapid Surge
KAITO achieved a new all-time high at $2.92, breaking past key resistance levels at $2.53 and $2.79. Initially, it traded as low as $1.91.
Current Market Situation
Currently, KAITO is priced at $2.84 with a market cap of $699 million. Its daily trading volume has reached $2.12 billion, despite a $15.56 million liquidation. Over the past week, KAITO's price has skyrocketed by more than 145%, starting the week at just $0.91.
Forecast and Technical Analysis
Looking ahead, if KAITO can surpass the $2.86 mark, it may reach a new all-time high within a range of $3.15 to $3.23. However, if the market turns bearish, KAITO might drop to around $2.36. Continued pressure below $2.15 could push the price back to prior support levels near $2.03. The MACD line crossing above the signal line indicates a bullish trend, and the CMF shows slight buying pressure with a reading of 0.06.
KAITO shows a strong upward trend while Bitcoin faces challenges. Investors are showing interest, but the situation may change if market sentiment shifts.
