Kaito Price has risen 20% because it takes a second lead while Bullish Momentum is building – is there another 100% movement on Horizon?
The price of Kaito (Kaito) has risen by 20% over the past 24 hours and is currently traded at $ 2.19 with trade volume that 50% record.
The rise is because the price seems to press a different leg after clustering in a tight reach between $ 1.70 and $ 1.90 for about a week. That clustering followed a sharp rally between May 6 and May 10, where Kaito rose from an opening price of $ 0.79 on 6 May to close to $ 1.98, which marked a profit of around 150% in just four days.
With the increase in today, Kaito is now testing a key resistance area the same zone where the price put after breaking down his $ 2.90 ATH on 27 February. It currently only acts about 25% under ATH and seems to approach the $ 2.50 level that seems to be approaching the Wick Highs of the post-aanth breakdown zone.
A clean break above $ 2.50 would probably clear the road for an ATH of $ 2.90. Given that the previous upward leg saw a profit of more than 100%, a movement to this level is very likely on condition that the momentum continues to build at the same pace.
The RSI is currently at 69, almost overbought territory. The MACD remains comfortable above the signal line in Bullish Territorium with the MACD line, although a tapered histogram suggests a slight delay in Momentum. However, the volume has been more or less consistent since the outbreak of 7 May.
Kaitoai is recently on the development side updated His Kaito Pro Mobile Beta. The new functions include direct access to Token Mindshare Heatmaps, insights into top gainers and losers, and an improved Metasest function with which users can search the mindshare of each token on different platforms.
In addition to these updates, the Yapper community of Kaito has gone strong thanks to the Yapper Launchpad. With this platform, members of the community can vote on which event projects should be for generation generation Yapper -LeaderboardWith voting capacity determined by the number of YAPs and smart followers who have a user.
Kaito also launched the Rewards Station as part of its Kaito Earn platform, with which users can discover rewards connected to Yapper -Leaderboards, with weekly payouts that distribute $ 5,000 to Skaito Tokens to the Top 50 Yappers and Top 50 emerging Yappers.
