🚀 $KITE Surges on Fresh Catalysts — Momentum Building
Kite ($KITE) is catching strong market attention this February, climbing ~15% intraday and trading above the $0.20 mark amid a massive 176% spike in volume 📊
Market cap now sits near $350M, with buyers actively defending the $0.18–$0.19 support zone.
🔥 Key Drivers Behind the Move:
• Technical Strength: Bullish indicators are flashing across timeframes as structure turns clean — analysts are watching for a potential breakout continuation.
• Funding Momentum: $18M raised from major backers including PayPal Ventures and General Catalyst, accelerating development of stablecoin–AI agent infrastructure.
• Strategic Exposure: Presence at major Hong Kong forums discussing RWAs + AI integration is boosting institutional visibility.
With bearish pressure fading and volume expanding, traders are eyeing $KITE as a rising AI-DeFi narrative play.
**Is this early accumulation… or a momentum trade in motion? 👀**