KAITO surges 16% as partnership speculation grows, but can bulls beat sell pressure?

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KAITO surged 16.48% over the past 24 hours, with trading volume jumping 129.8% to $103.9 million. This rally was driven by speculation about a potential data agreement with X, as several crypto analysts highlighted this possibility. Despite the sharp rebound, the 90-day Spot Taker CVD remained seller-dominant, indicating that sell orders continued to outweigh aggressive buy orders throughout the advance. On the technical front, the MACD stayed above the signal line and the Parabolic SAR remained below price around $0.918, confirming that the prevailing uptrend remained intact. KAITO currently trades below the $1.23 resistance level, a key barrier for the next phase of the move.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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