$KITE has made a perfect pullback from the support price level of 0.08$, after the successful retest $KITE has break out the short term channel as bitcoin show some bullish sign, According the to the Breakout in KITE the price could extend the pump towards 0.1$.
Making Prediction for the long term is not possible at the moment due to less data available on chart, but if you give a look at low term frame kite is showing bullish sign. If the Bitcoin remain bullish and FED makes rate cut tomorrow we might see a good price rally in KITE.
Trading indicators are showing bullish signals on lower timeframe, however if the market sentiments change from bullish to bearish the price of $KITE could get fall to 0.08$.
Must mark stoploss and manage risk properly.
