$KAIA
/USDT: Tracking the Range for a Possible Rebound๐๐๐ฅ
Current Price: $0.2597
24h Change: -2.15%
24h Range: $0.2563 - $0.2745
24h Volume: 59.34M KAIA / 15.75M USDT
Technical Snapshot ๐
1. Trend:
Bearish with a -2.15% decline, showing some consolidation after recent highs.
Price is testing support near $0.2597, which could provide a base for a potential rebound.
2. Key Support:
$0.2563 (recent low)
$0.2500 (stronger support zone)
3. Key Resistance:
$0.2680 (immediate resistance)
$0.2745 (next resistance level)
4. Indicators:
RSI: 44 (Neutral, with no strong overbought or oversold conditions)
MACD: Slightly bearish, but showing signs of consolidation, which could signal a reversal.
Volume: Moderate, indicating a balanced market with no clear dominance by either bulls or bears.
Trade Strategy ๐ฏ
Entry Zone: $0.2590 - $0.2610 (Look for price action at support levels or signs of stabilization)
Stop-Loss: $0.2500 (Minimize risk in case of further downside movement)
Target Levels ๐
1. ๐ฏ Target 1: $0.2680 โ Immediate resistance
2. ๐ฏ Target 2: $0.2745 โ Next resistance zone
3. ๐ฏ Target 3: $0.2800 โ Extended target for a larger move up
Trade Tip:
Watch for any bullish reversal patterns such as a double bottom or hammer candlestick near $0.2563. If price breaks $0.2680, it could signal the start of a new bullish trend.
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