According to the latest market data, KITE maintained its recent adjustment pattern at the close on December 10.
I believe its price is currently hovering around the range of 0.079 to 0.083 USD, with a market capitalization of approximately 150 million USD. Looking back at the recent trend, this round of decline began with a pullback after reaching above 0.12 USD at the end of November, and the price has dropped by about 9.9% over the past 7 days.
From the perspective of trading volume, a notable phenomenon is the significant cooling of market activity.
In the recent 24 hours, the trading volume has dropped to around 8 million USD, which is in stark contrast to the tens of millions or even hundreds of millions in trading volume seen in late November.
I believe the contraction in trading volume indicates that both bulls and bears are hesitant at the current price level, and the market is waiting for new driving factors.
The short-term technical aspect shows clear pressure.
Prices have closed below several major short-term moving averages for multiple trading days in a row.
The initial resistance above is around 0.088 dollars (a recent minor consolidation platform low), while stronger resistance is at the 0.093 dollar level.
If it can't recover even 0.088 dollars, the weak pattern will continue.
The key psychological support below is at the 0.08 dollar mark; if it breaks, it may further seek support.
Project dynamics are the main highlight in the current slump.
Kite aims to construct a grand narrative for the foundational layer of the 'Internet of Intelligent Agents', which is core to its long-term value.
Recently, the market is closely watching its transition progress from testnet to mainnet, as well as the actual adoption data of the AI agent economy.
Any substantial positive news regarding ecological partnerships, mainstream protocol integration, or on-chain active user growth could become a catalyst to break the current low trading volume and stimulate buying.
My view is that KITE is currently undergoing a technical adjustment due to a 'news vacuum period'.
For traders, it may be a better choice to remain patient until a breakout above the 0.088 dollar resistance or a retest of the 0.08 dollar support occurs and stabilizing signals appear.
Short-term fluctuations require new developments in the project's fundamentals to provide momentum for directional breakthroughs.
