$KAIA

Consolidation After Recent Spike

#Trend Analysis:

The pair experienced a sharp upward movement, followed by a correction. Currently, the price is moving sideways below the 99-period EMA, indicating consolidation.

#Momentum (RSI):

The RSI is around 30–35, suggesting a potential short-term bounce, though oversold conditions alone do not guarantee a reversal.

#Volume Insight:

Volume was high during the initial spike but has significantly decreased during the consolidation, showing a lack of strong buying interest.

Key Levels:

Support: 0.045

Resistance: 0.070

Strategy:

A safe buying opportunity exists only above the 0.070 breakout. Long positions inside the current range carry higher risk.

KAIA
KAIAUSDT
0.05286
-0.73%