KITE/USDT Market Analysis
Short-term trend is weak, showing a fluctuating downward trend.
1. Price Performance: Current price $0.0834, 24h decline of 5.55%, price is near the 24h low ($0.0831), and has broken below the 5-day and 10-day moving averages (MA5: $0.0851, MA10: $0.0831), with the 20-day moving average ($0.0909) also above the price, putting pressure on the price.
2. Trading Volume and Trend: Daily trading volume has shrunk compared to the 5-day and 10-day averages, reflecting a decrease in market trading activity; from the daily trend, the price has fallen back from the previous high of $0.1333, showing an overall fluctuating downward trend. Although there has been a slight rebound recently, the strength is insufficient.
3. Key Price Levels: Support level to watch is the 24h low of $0.0831; if it breaks below or further tests the previous low of $0.0703; resistance level to look at is the 20-day moving average of $0.0909, and if it breaks through, can look around $0.0930.
