$KITE /USDT is going through a sharp reality check. Price is sitting around $0.0832, deep in the red after failing to sustain the upside move that peaked near $0.0904. That rejection was loud. Buyers pushed with confidence, but once momentum cracked, sellers stepped in fast and forced a steep unwind.
On the short timeframe, the damage is clear. Price is trading below all key moving averages, with the 7 MA hugging price from above and the 25 and 99 MAs sloping down as overhead pressure. The drop toward $0.0830 wasn’t slow — it was impulsive, showing stop-driven selling and short-term fear flushing out late longs.
What matters now is behavior, not the color. Price is stabilizing just above the $0.0830 low, and the candles are shrinking. That tells me selling pressure is cooling, not accelerating. Volume remains active, which means this move is being actively negotiated, not abandoned. Hold this zone, and KITE gets room to form a base. Lose it cleanly, and the chart risks searching lower for acceptance.
For any upside shift, KITE needs to reclaim $0.0850 first to break the immediate bearish grip. Only above $0.0865 does the structure begin to breathe again. Right now, this market feels bruised but awake — shaken, not finished, waiting to see who blinks next.
