$KAIA /USDT: Downtrend Continues with Key Support in Sight
Current Price: $0.2083 (-7.87%)
24H High/Low: $0.2290 / $0.2069
24H Volume: 48.02M KAIA
Price Targets:
1. Target 1: $0.2150
2. Target 2: $0.2230
3. Target 3: $0.2300
Analysis:
Support Level: $0.2069 is acting as the immediate support.
Resistance Levels: The nearest resistance is at $0.2150, followed by $0.2230.
Trend: Persistent downtrend with potential for a minor rebound if the $0.2069 support holds.
Strategy:
Entry Point: Accumulate near $0.2080 with strict stop-loss at $0.2050.
Profit Booking: Exit partially at each target level to secure gains.
Risk Management: Watch for increased volume for signs of a reversal.
Insights:
KAIA/USDT is facing strong selling pressure. However, if the support level holds, we might see a retracement towards $0.2300. Monitor closely for any breakouts.