#kite $KITE
Bullish Trend in Progress:** The recovery in a "V" shape or "cup and handle" from the November lows, along with technical indicators (MA crossovers and price above key MAs) and strong daily performance, suggests that the **bullish trend could continue**
* **Potential Resistance Zone:** The next significant resistance level to watch would be the previous peak around **0.20020**. If KITE manages to surpass this level with considerable volume, it could indicate an even stronger continuation of the trend.
* **Support Levels:** In the event of a pullback, the MA14 (0.10394) and MA28 (0.09668) would act as important support levels. A stronger and lower support is found in the zone of 0.06078.
* **Consolidation Before Rising:** It is possible that after such a strong move, the price consolidates a bit around the current levels or forms a bullish continuation pattern before attempting to break higher resistances.
KITE broke a key Resistance and may trigger a bullish move up to 0.13,
in case of breaking above 0.13 and maintaining the trend could reach 0.17
In summary: KITEUSDT is showing a **strong recovery and robust bullish momentum**. It has left behind its recent lows and is building a solid base to possibly reach higher price levels. However, as with any volatile asset, it is always advisable to trade with caution and consider all risk factors.
