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Kaito Price Soars Following Upbit's Announcement of Its Listing - Bulls Eye $3

Highlights:

  • Kaito’s price soars 24% to $2.25 as the trading volume spikes 137%.
  • The recent rally comes amid Upbit’s announcement of listing Kaito for trading.
  • Further, the Hodler Badge is now available on KAITO, enabling users to stake, create, and tighten supply.

The Kaito price has flipped bullishly, soaring 24% to the $2.25 mark as the crypto market recovers. Accompanying the noticeable price movement is its daily trading volume, which has soared 134% to $1.08B, indicating intense market activity. The recent spike comes as South Korea’s largest crypto exchange, Upbit, announced listing the token for trading.

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Further, the announcement that the Hodler Badge is now available on KAITO has predictably driven up the price. This is a classic strategy enabling people to stake, create alignment, and tighten supply. 

With the recent developments in the Kaito market, can the bulls sustain their bullish momentum? Let’s examine the technical outlook and decrypt more about the Kaito price.

Kaito Price Outlook

The Kaito price is showing signs of renewed strength, climbing to $2.25 with a notable 24% surge. However, due to early profiteering, the price has retraced, indicating a period of consolidation. If KAITO continues its upward momentum, the first resistance could emerge near $2.02, aligning with the 200-day MA, where recent price action has struggled. 

A stronger breakout could test the $2.25 zone, aligning with previous peaks, while a decisive push beyond may open doors for further gains. However, failure to sustain above $1.78 could invite selling pressure, dragging the price back to support levels. The immediate safety net lies at $1.73.

Kaito price
KAITO/USD 1-hour char: TradingView

The RSI indicator, currently at 56.40, suggests a neutral stance with a slight bullish tilt. If it continues rising towards 60, it may confirm sustained buying interest, strengthening Kaito price’s bullish case. On the other hand, a dip below 45 could indicate weakening momentum, increasing the risk of a downward shift.

If bulls step in aggressively, KAITO could ride the wave higher, but hesitation at key resistance points might invite bears back into play. The next few sessions will be crucial in determining whether this rally extends or fades into another consolidation phase.

Kaito Price Poised for Upward Trajectory

Kaito is riding a strong bullish wave, with price action steadily climbing toward key resistance zones. The token has shown resilience, breaking past lower resistance levels and now eyeing the $2.25 mark as the next hurdle. A decisive breakout above this level could open the path toward the highly anticipated $3 target. 

A quick look at the MACD indicator upholds a buy signal. This is evident as the blue MACD line has crossed above the orange signal line. This calls for traders and investors to rally behind KAITO, which may cause an upward trajectory.

With rising trading volume and favorable technical indicators, including bullish RSI and MACD indicators, Kaito’s price appears well-positioned for further gains. However, any rejection at resistance may lead to a short-term pullback before another attempt to push higher.

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