In trading, "boredom" can sometimes be a trap, but sometimes it’s a golden opportunity. Looking at the chart $KITE today, I see a pressure building to the point of suffocation.
Why is the price moving sideways while Open Interest (OI) is quietly increasing? (See the illustrative image).
This is a classic sign that the money flow is quietly setting up positions for the next big volatility. Like a tightly compressed spring: The less the price fluctuates, the stronger the pressure, and when it releases, the rebound will be even greater.
Combined with the fact that @GoKiteAI is maintaining a stable positive Funding Rate, it seems that the confidence of the holders remains very strong despite the market fluctuations.
Is this a stepping stone for a breakout or a bull trap? Time will tell, but surely $KITE is in the "special observation" zone of Smart Money.
What do you think? Comment your thoughts below! 👇
#KITE @KITE AI GoKiteAI #CryptoTrading #DataAnalysis
