Kaia (KAIA) Price Prediction as It Hits Major Resistance and the Bearish Wave Finally Catches Up

The Kaia price surged 35% in the last 24 hours to trade at $0.3597 as of 3.50 a.m. EST on trading volume that skyrocketed 175% to $632.3 million.

The Kaia (KAIA) price saw a surge of 35% in the last 24 hours to trade at $0.3597 by 3.50 a.m. EST, on trading volume that also saw a massive 175% surge, hitting $632.3 million.

While the KAIA price did surge quite a bit in the last day, its weekly performance is even more impressive, as it saw a 96% increase in its price.

Awesome News! 🎉$KAIA will be listed on HashKey Exchange (@HashKeyExchange), Hong Kong’s licensed virtual asset exchange! This represents a significant milestone in expanding Kaia's reach and adoption within the digital asset ecosystem worldwide. 🌍

Read the full article:… pic.twitter.com/FF2OJ4AEok

— Kaia (prev. Klaytn & Finschia) (@KaiaChain) November 28, 2024

This comes as Kaia saw a lot of good news in the last week, from a new listing on HashKey Exchange announced on November 28, to new additions to its network such as the USDa, also known as the Bitcoin Money.

CapybaraDEX, a decentralized exchange on Kaia Chain, also recently announced passing $111 million in total trading volume, and on top of that Kaia’s block explorer, KaiaScan, also got a new update, as announced earlier today.

KaiaScan, the official block explorer of Kaia, just got a sweet upgrade! 🎉

Here’s the scoop:📱 Mobile-Friendly Transaction Details

– Tabs are now on top—way easier to navigate

– Everything’s grouped nicely so finding what you need is a breeze📊 New Stats Page

– Tons of… pic.twitter.com/8FRULnpXCM

— Kaia (prev. Klaytn & Finschia) (@KaiaChain) December 3, 2024

In other words, the project seems to be doing rather well, and the development of its ecosystem is progressing strongly, which is the foundation for a solid price growth of any crypto.

The project’s market capitalization now stands at a little over $2 billion.

Kaia Price Prediction

The KAIA price saw a minor correction over the last few hours after being rejected from a resistance level at $0.40, as mentioned, but while its price is currently on the decline, there are signs that it might bounce back in the next few hours.

The coin’s Bollinger bands have seen a narrowing after its price rejection, but as the price declined, they started widening again, which suggests that a trend reversal might be coming. Right now, the price is pushing the lower band further down, although a support at $0.35 could stop the decline and allow it to bounce back up.

Meanwhile, the project’s Relative Strength Index (RSI) value has dropped sharply in the last 24 hours from the overbought zone to the oversold area. This suggests that the sell-off might be nearly over and that traders might start buying again soon and pumping the coin’s price back up.

Given the fact that the rest of the crypto industry is currently struggling with another bearish wave, however, a recovery is not a certainty, and anyone interested in buying KAIA should be careful and do their research first.

During volatile times, prices tend to move unexpectedly, and even when technical indicators hint that something is likely to happen, it doesn’t necessarily mean that things will unfold as expected.

Promising Alternative To Kaia

So far, the Kaia price has performed well, but with it hitting a major resistance and the bearish wave finally catching up to it, it might be time for traders and investors to consider a promising alternative like Crypto All-Stars (STARS).

Crypto All-Stars is a new meme coin that has been on presale over the past few months. The project’s ICO was very successful, as it attracted attention thanks to a unique new staking platform called MemeVault.

Unlike most staking smart contracts, which only let you stake a single cryptocurrency, MemeVault supports multiple coins. MemeVault supports as many as 12 cryptocurrencies, with more expected to be added after the ICO ends.

👾CANT STOP! WONT STOP!👾

Crypto All-Stars is on fire! We just passed the big 7M milestone and the future is looking big and bright for the All-Stars.

Get in the presale before it’s too late here: https://t.co/sn2wtEYopZ pic.twitter.com/zuSdvOEVwW

— Crypto All-Stars (@all_stars_coin) November 30, 2024

Right now, you can stake Dogecoin, Pepe, Floki, Shiba Inu, Brett