$KITE is feeling heavy right now — and you can almost feel the pressure in the chart.
Price is sitting near $0.0848, down -7.63%, after slipping from the $0.0928 high. Sellers clearly took control as short-term momentum broke down, pushing price to a local low around $0.0841 before buyers finally stepped in to slow the fall.
The structure tells a clear story: price is trading below MA(7), MA(25), and MA(99), which confirms short-term weakness and keeps the trend tilted bearish. That said, the bounce from the lows shows this zone is being defended — not aggressively, but enough to pause the selloff. Volume remains active, meaning this move isn’t silent; it’s emotional, fast, and reactive.
Order book shows a slight seller edge, but bids are still present — suggesting this isn’t pure panic, more like uncertainty and repositioning. If buyers reclaim $0.086–$0.087, momentum could quickly flip into a relief bounce. Lose $0.084, and fear may test deeper liquidity below.
