$KAIA /USDT - Technical Analysis Update
Current Price: $0.2308 (+2.90%)
Price Action: KAIA has shown bullish momentum, bouncing from the $0.2144 support level and reaching a high of $0.2353 within the 24-hour period. The price is consolidating near $0.2308, indicating potential for further upward movement.
Targets and Strategy
1. Target 1: $0.2350 ā A retest of the recent high. A breakout above this level could signal continued bullish strength.
2. Target 2: $0.2400 ā The next resistance zone. Strong buying volume could push the price to this level, where traders should consider partial profit-taking.
3. Target 3: $0.2500 ā This is a major psychological resistance level. A sustained move beyond this point could confirm a longer-term bullish trend.
Advice
Short-Term Traders: Look for a breakout above $0.2350 with increased volume before entering. Place stop losses near $0.2220 to limit downside risk.
Long-Term Holders: Monitor the trend and consider holding if the price breaks above $0.2400. Adjust stop losses to lock in profits as the price moves higher.
