📌 KAITO/USDC Technical Analysis – Will the Rise Continue or Are We Waiting for a Correction?
🔍 Overview:
KAITO/USDC has seen a strong rise in the last hours, reaching 2.1743 USDC after a sharp rise. Will this uptrend continue, or are we facing an imminent correction? 🤔
📊 KAITO Technical Analysis:
✅ 🔹 Current Price: 2.0832 USDC
✅ 🔹 Recent High: 2.1743 USDC
✅ 🔹 Recent Low: 1.4410 USDC
✅ 🔹 RSI: 70.80 (overbought 🚨)
✅ 🔹 MACD: Positive crossover but momentum may weaken soon.
✅ 🔹 Moving Averages (MA): The price is above MA(7) and MA(25), indicating strong bullish momentum.
📉 Important levels and expectations:
🔻 If the bullish momentum continues: We may see a test of the 2.20 - 2.25 USDC level.
🔻 If a correction occurs: Strong support levels at 1.90 - 1.85 USDC and then 1.75 - 1.70 USDC.
📢 Conclusion:
• The market is in an overbought state, which may lead to an imminent correction.
• The best possible entry point: Wait for a retest at 1.90 or 1.75.
• If you are a long-term investor, consider the DCA strategy to reduce risks.
💬 What do you think? Do you expect the continuation of the rise or the beginning of a correction? Share your opinions in the comments! 🔥
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