$KITE just got slapped right after trying to fly.
Price pushed up nicely and tapped 0.25219, but that move didn’t last long. Sellers stepped in hard and dragged it all the way back down to around 0.24843. Right now it’s sitting nearly -14.92% on the day — that’s not profit-taking, that’s pressure.
On this 1m chart, the shift is clear: We had steady higher candles building momentum… then one strong rejection wiped out the confidence. Since that drop, KITE has been printing small weak bounces with lower highs. Buyers are trying, but they’re not winning yet.
Key levels to watch
Immediate support: 0.24810 – 0.24790
This is where price is trying to hold itself together. If this breaks, downside can open quickly.
24h low zone: 0.24214
Losing current support can drag price back toward this area.
Near resistance: 0.24970 – 0.25060
Price needs to climb back here to reduce selling pressure.
Momentum flip level: 0.25200+
If KITE gets back above this and holds, today’s rejection becomes a trap for shorts.
Right now, it’s not about guessing the bottom. It’s about seeing if this support actually means something… or if it’s just a pause before another drop.
Next reaction from this zone will decide everything.$KITE
