$KITE is trading at 0.0792, down 10 percent, and the chart is clearly showing strong bearish momentum with no signs of reversal yet.
Market Snapshot
• 24h High: 0.0907
• 24h Low: 0.0770
• Volume: Decent but mostly selling pressure
• Structure: Strong downtrend
• Momentum: Oversold but still weak
Trend Overview
This chart is a clean bearish trend:
• Price is trading below MA(7), MA(25), MA(99)
• Moving averages are stacked downward — strong continuation trend
• Lower highs: 0.1239 → 0.1056 → 0.0953 → 0.0850
• Lower lows: 0.0900 → 0.0840 → 0.0800 → 0.0770
Every bounce has been weak and short-lived. Sellers continue dominating.
Support Zones
Strong support is breaking one by one:
• 0.0770 (tested today)
• 0.0746
• 0.0720
• 0.0700 (major demand zone)
If 0.0770 breaks again with volume, price can push toward 0.0746 quickly.
l
Resistance Levels
Upside has heavy resistance:
• 0.0850 — first minor resistance
• 0.0900
• 0.0953
• 0.1056 (trend-reversal resistance)
Without breaking 0.0900, bulls cannot take control.
Why $KITE Is Falling
• Selling pressure increasing
• Price staying under all moving averages
• No bullish structure — every bounce gets rejected
• Downtrend continuation with strong sell candles
The recent drop from 0.0850 to 0.0770 confirms heavy panic selling.
Trend Outlook
Bias: Bearish
The trend remains bearish unless:
✔ Price closes above 0.0850
✔ MA(7) crosses above MA(25) with strong volume
✔ Higher low structure forms on 4H
Until then, expect sideways-to-down movement.
Trading Idea
For dip buyers:
• Entry Zone: 0.0770 – 0.0746
• Take Profit: 0.0850 – 0.0900
• Stop Loss: Below 0.0740
For trend traders:
Break below 0.0770 activates a continuation short toward 0.0746.
Summary
KITE is in a strong downtrend with no breakout signals yet. Watch 0.0770 carefully — it’s the key support. If it holds, a small relief bounce is possible. If it breaks, more downside is likely.
