The KAITO/Bitcoin (KAITOBTC) pair experienced significant volatility over the past 24 hours, breaking key support levels and indicating a bearish trend. The pair opened at 1.257e-05, peaked at 1.293e-05, and hit a low of 1.184e-05 before closing at 1.254e-05. Trading volume reached 28,160.6 BTC, with a turnover of approximately $3,555.7.
Technical indicators such as RSI and MACD confirmed weakening momentum, with RSI nearing oversold levels, suggesting a potential rebound. The Bollinger Bands expanded sharply, highlighting increased market uncertainty. A bearish engulfing pattern was observed overnight, followed by a consolidation phase. Key support at 1.22e-05 was breached, with 1.193e-05 forming a short-term bottom. Resistance is currently around 1.26e-05–1.27e-05, indicating potential limits to further bearish momentum unless the trend intensifies.
KAITO/Bitcoin Pair Faces High Volatility Amid Bearish Trend
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