KILT (KILTUSD) is based on the support of its simple moving average - Analysis - 08-01-2025

The price of KILT/USD (KILTUSD) has decreased during its recent trading at the moment levels, with the beginning of the emergence of negative signals on the relative strength indicators, after reaching areas of severe saturation with buying operations, so that the price tries to gain positive momentum that may help it recover and rise again, as the price tries to drain some of its buying saturation, to rely on this decline on the support of its simple moving average for the previous period of 50 days, in light of the dominance of the upward corrective trend in the short term and its trading along the slope line.

Therefore, we expect the return of the currency price to rise during its upcoming trading, as long as the support level of $0.138 remains stable, targeting the pivotal resistance level of $0.255.

The expected direction for the upcoming trading: It is likely to rise #KILT