$KAITO The current price is around 0.2922 inside a small ascending channel after a previous average drop, which means that the market is in a consolidation phase + a gradual reversal attempt and not a strong upward trend yet.
📉 Price Structure
Larger Trend: Down from the 0.35+ area
Short-term Trend: Ascending Channel (Higher Lows)
Current Movement: Consolidation within a support/consolidation rectangle
🟢 Support and Resistance Zones
Main Support: 0.283 – 0.280
Strong Support: 0.265
Near Resistance: 0.306
Pivot Resistance: 0.328
Strong Resistance: 0.35
📊 Potential Scenarios
🟩 Positive Scenario (currently the closest)
If the price maintains the ascending channel and breaks:
0.306 ➜ targets 0.328
Breaking 0.328 firmly ➜ surge towards 0.35
This scenario requires higher trading volume.
🟥 Negative Scenario
Breaking the ascending channel + closing below:
0.283 ➜ drop towards 0.265
And breaking 0.265 completely resumes the downward trend.
#KAITO