It trades $KIN
currently near the level 0.028629 with a slight decline of -0.79% and a trading volume of approximately 11.13 million dollars. Despite the weakness of most alternative currencies, the price remains relatively stable, indicating the presence of fundamental support.
In the short term, maintaining above the level of 0.027800 keeps the possibility of a rebound open, with targeted liquidity between 0.030500 and 0.032000. As long as the price maintains this support, the opportunity for an upward move remains available.
However, if the level of 0.027000 is broken, we may witness a rapid drop towards 0.025500.
In the longer term, continued accumulation above the base of 0.025000 could form a gradual recovery structure, with the potential to target the area of 0.036000+ in the future.
Trading plan:
Entry point: 0.028200 (buying on dips)
Targets: 0.030800 / 0.032000
Stop loss: 0.026900
The current structure indicates a quiet consolidation phase with the potential for a breakout if momentum returns.