KAITO surges by over 48%

While Bitcoin struggles to break the $90,000 mark, KAITO is experiencing a remarkable surge. Its price has increased by over 48.31%, reaching a new all-time high of $2.92. This breakthrough surpasses key resistance levels at $2.53 and $2.79, a significant improvement from its intraday low of $1.91.

Currently trading at $2.84, KAITO boasts a market capitalization of $699 million and a daily trading volume of $2.12 billion. Despite liquidations totaling $15.56 million, the asset's momentum remains strong. This follows a phenomenal week, with a price increase of over 145% from a weekly low of $0.91.

Looking forward, a decisive break above $2.86 could propel KAITO to a new all-time high, potentially reaching a price range of $3.15 to $3.23. Conversely, a bearish shift could see the price drop to approximately $2.36, with further downward pressure below $2.15 potentially pushing it towards previous support levels near $2.03.

Technical indicators offer a mixed outlook. The MACD line crossing above the signal line suggests a bullish trend, reinforced by the increased price momentum. However, the Chaikin Money Flow (CMF) at 0.06 indicates only mild buying pressure. Despite this, daily trading volume has impressively increased by over 253%.