$KITE
$KITE/USDT Rebound! 🚀 Bulls Fighting for a Breakthrough!
The $KITE chart is showing some serious volatility and a strong attempt at a recovery! After hitting a local high of 0.2169, the price is consolidating and looking for its next major move.
🔍 Technical Analysis:
Current Price: $0.2115 (+3.32%).
Momentum: We see a strong "V-shaped" attempt on the 1-hour chart as the price reclaimed the Middle Bollinger Band (0.2067).
RSI (66.52): The RSI is in a healthy bullish zone. It is trending upwards but is not yet "Overbought" (70+), which means there is still room for a rally before a major correction is needed.
Bollinger Bands: Price is currently pushing against the Upper Band (0.2099). If it can sustain a close above this level, the next target is a retest of the 0.2169 resistance.
💡 Trading Strategy (KITE/USDT):
Long Scenario: If price maintains support above 0.2100, target a breakout toward 0.2200 and then 0.2350.
Dip Buying: A pullback to the 0.2040 - 0.2060 area (near the SAR and MB) could offer a high-probability entry for the next bounce.
Risk Note: Watch the 0.2031 support level carefully. A drop below this would invalidate the current bullish momentum.
👇 Is $KITE ready to fly higher, or is this just a trap? Drop your price predictions in the comments! 🪁🔥
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