$KITE is down 3.18% to $0.0887, trading below key EMAs with a negative MACD, indicating persistent downward

pressure.Recent hourly data shows a net outflow of $24.5K, with large traders leading the selling, signaling weakening buying interest.

Price Action: KITE trades at $0.0887 (-3.18%), below its short-term EMAs ($0.0891, $0.0900), signaling structural weakness. Key support is at the lower Bollinger Band of $0.0877, with resistance at $0.0906.

Technical Indicators: Momentum is bearish with a negative MACD (-0.0005) below its signal line and a neutral-to-weak RSI at 45.9, suggesting downward pressure will continue.

Capital Flow: A recent net outflow of $24.5K, led by large traders, points to weakening demand and cautious market sentiment.

Whales Position for Volatility

Bearish Overcrowding: Smart money is extremely bearish, with a long/short ratio of 0.073. Short whales (204) dominate the few remaining long whales (25), indicating strong conviction in downside or defense of resistance.

Critical Resistance: The average entry for short whales is $0.0904, establishing a key battleground. A move above this could trigger liquidations.#KİTE #AltcoinETFsLaunch