Short-term volatility: KITE has experienced downward pressure and trading range struggles post-listing. Technical indicators like RSI have suggested bearish momentum (e.g., trading below key moving averages).
Key support/resistance: Initial trading floors are in the ~$0.069–$0.075 range with resistance near ~$0.10–$0.11.
Market sentiment: Crypto Fear & Greed indices have been in “fear,” often shifting capital toward Bitcoin over altcoins like KITE.
Interpretation: This suggests high volatility and a speculative trading environment typical of newly listed tokens.
