KILT (KILTUSD) is trying to get rid of its negative pressure - Analysis - 12-25-2024

The price of KILT/USD (KILTUSD) rose slightly during its recent trading at the moment levels, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations, and under the control of the upward corrective trend in the short term, so that the price tries with this rise to get rid of the negative pressure of the previous 50-day simple moving average.

Therefore, our expectations indicate further rise in the price of the currency during its upcoming trading, as long as the pivotal support level of $0.121 remains stable, targeting the resistance level of $0.255.

The expected direction for the upcoming trading: Upward