KAITO Faces Bearish Pressure After Airdrop

KAITO’s recent airdrop brought excitement, yet the token struggles to keep user interest. Currently down 7% in 24 hours, it remains 60% up since launch.

Current Trends

KAITO BBTrend is negative at -10.7, indicating bearish momentum. Its ADX is at 13.49, showing weak trend direction. Price fluctuates between support at $1.35 and resistance just above $2.

Negative BBTrend

The BBTrend’s sharp decline from 10.8 to -10.7 suggests increasing selling pressure, marking a shift from bullish to bearish sentiment. A continued negative trend raises concerns about KAITO’s price stability due to potential further declines without buying support.

Weak ADX Indicating Confusion

KAITO’s ADX dropped to 13.49 from 60, reflecting a loss of trend strength and suggesting a neutral market stance. The low ADX indicates indecision among traders, likely resulting in range-bound price action.

Future Price Predictions

After reaching nearly $2, KAITO faces downward correction, potentially testing the crucial $1.35 support. Failure to hold could lead to deeper declines, while establishing an uptrend could challenge resistance at $2.12 and possibly mark new highs up to $2.2.