KAITO price rebound 11% from $1 support sake of $23M token unlock
KAITO price bounce 11% intraday, dey move up from 3-month low wey near $1.00. Dis upsurge happen because heavy trading volume, e form bullish engulfing candlestick that day as over $23 million worth KAITO tokens enter circulation. Even though ground dey bearish for medium to long term—wey we see from downward 20-day EMA and 50/100-day SMAs—buyers hold the $1.00 support area tight, push KAITO price reach $1.20 high. Main resistance dey at $1.30–$1.40; if e break pass this level with steady volume, e fit mean say bigger trend go change. Traders make dem watch EMA crossovers, RSI movement above 50, and volume spikes for proper confirmation.
Bullish
Di bullish engulfing pattern wey happen for high volume during $23 million token unlock show say KAITO price get strong buyer demand for $1.00 support level. For similar altcoin unlock events, tokens wey absorb new supply without crash dey usually extend their rebounds. Short-term momentum fit build if KAITO price clear the $1.30–$1.40 resistance for sustained volume, wey go attract more buying. But medium- to long-term moving averages still dey bearish, na why traders suppose dey watch EMA/SMA crossovers and RSI make dem fit confirm before dem put bigger position.