KAITO BBTrend Is Negative, ADX Shows Lack of Trend Direction: Will KAITO Price Reach Levels Above $2 Soon?

KAITO’s recent airdrop surprised many, sparking initial excitement. However, the token is now struggling to maintain user interest—a common issue seen with other airdrops.

KAITO price encountered a roadblock in its recent ascent, sparking a correction that could lead to support levels being tested.

After reaching an all-time high of $2 on February 21, KAITO began to pull back, a move attributed to profit-taking or weakening buying pressure following the peak.

This correction has brought the altcoin down to $1.45 at the time of writing, a significant drop from its recent highs but still up 60% since launch.

KAITO encountered resistance at $2 levels.

KAITO price movements have been closely watched since its airdrop, with the altcoin experiencing rapid gains and losses.

After surging over 100% in the first 24 hours, KAITO encountered resistance at the $2 levels, leading to a correction.

This pullback could test the support levels established during the initial price surge, potentially ranging between $1.35 and $1.4.

KAITO BBTrend negative at -10.7

KAITO BBTrend is currently at -10.7, signaling persistent bearish momentum, while its ADX at 13.49 shows a lack of clear trend direction.

With price movements fluctuating between potential support at $1.35 and resistance above $2, KAITO faces a critical moment to either consolidate gains or continue its downward correction.

KAITO price could drop below $1.2 if support fails at $1.35

If KAITO fails to hold the support level at $1.35, it could face a deeper decline, potentially dropping below $1.2 or even as low as $1.1, reflecting increased selling pressure and bearish sentiment.

However, if buying interest returns and buying pressure resumes, KAITO could attempt to consolidate gains around $1.45 and eventually push back above $2, encountering resistance at $2.12.

Successfully breaking this level could pave the way for a new all-time high, with the next target at $2.2.