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KAITO Price Prediction: Relief Pump Tests Downtrend As Buyers Chase Short Covering


KAITO Price Prediction: Relief Pump Tests Downtrend As Buyers Chase Short Covering

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  • KAITO breaks above short-term support, but the broader downtrend remains intact.
  • Intraday spike shows signs of short covering rather than sustained accumulation.
  • Heavy resistance near $0.62–$0.67 could cap the rally if momentum fades.

KAITO price today trades near $0.61 after a sharp intraday surge that pushed the token more than 25% higher within hours. The move follows a prolonged downtrend and places buyers and sellers in a tight standoff as price presses into overhead resistance left by months of distribution.

Sellers Lose Grip As Short Term Momentum Flips

KAITO Price Analysis (Source: TradingView)

The daily chart shows KAITO breaking higher from the lower boundary of a descending channel that has guided price lower since October. The bounce originated near the $0.49 to $0.50 base, a zone that has repeatedly attracted dip buyers over the past month.

Read The Full Article KAITO Price Prediction: Relief Pump Tests Downtrend As Buyers Chase Short Covering On Coin Edition.

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