$KITE is attempting a relief bounce after an aggressive distribution phase.

Price wicked into 0.183 demand and buyers stepped in, printing higher lows while reclaiming the short MA. However, the market structure remains bearish until key resistance is reclaimed.

Bias: relief bounce inside downtrend

Support: 0.188 → 0.183

Resistance: 0.200 → 0.209

Structure: breakdown → flush → reactive bounce

A sustained push above 0.20 could trigger a stronger squeeze toward 0.21+.

Failure to hold 0.188 risks continuation toward the lows.

Momentum is stabilizing, but confirmation requires reclaiming trend control.

KITE

0.2073

-1.80%