Candle Analysis: KITE's Falling Wedge Breakout 🕯️ Kite AI (KITE) is currently testing the upper trendline of a massive Falling Wedge on the 1D chart. This pattern, formed over the last 3 weeks of consolidation, is statistically bullish.
The Signal: Price is compressing against the $0.09 resistance. A breakout here is typically explosive because it aligns with the "supply shock" from the upcoming veKITE staking lockups. The MACD has just flipped green on the 4H chart, indicating momentum is shifting back to bulls. The invalidation level is tight at $0.082, making this a prime setup for a volatility breakout trade targeting $0.11.
