KITE Coin once pumped to 0.30 USDT on the strength of the campaign, but that pump did not last long. After a major dump, the coin is now hovering around 0.085 USDT and has been stuck in a sideways zone for a long time.
The current price is still below the EMA(7) and EMA(25), which means the market has not yet fully gained the strength of the bull run.
The volume is lower than before, so the market may take more time to make any major moves.
What could happen next?
There is a strong registration above 0.090 – 0.095 which could see a good rebound if broken
And if the 0.080 support is broken, there is a risk of further downward pressure
Finally
KITE is still not risk-free. Patience, confirmation, and risk management are the most important for those who trade.
