Kaito Volume Drops 80%: Will the Price Rally Continue?
KAITO, the governance token of an AI-driven project, saw its trading volume skyrocket to $3 billion shortly after its launch on February 20, driven by an airdrop distributing nearly 20% of its supply. However, current trading volume has dropped to below $580 million, signaling waning interest. Despite this, technical indicators such as the Bull Bear Power (BBP) and Relative Strength Index (RSI) suggest that KAITO's price rally might not be over. The article delves into market sentiment, key price levels, and technical analysis to provide insights into KAITO's future performance, highlighting the potential for a rally towards $2.25 or a bearish dip to $1.42 if market support weakens.
2025-02-26Read