KAITO drops 20% as Spot inflows rise: Is another breakdown ahead?

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KAITO fell 20% over the past 24 hours, erasing a significant portion of its recent gains as selling activity intensified across the market. Trading volume increased by 8.88% to $71.38 million, indicating higher participation from sellers during the decline. Spot netflows reached approximately $487,110, showing a net transfer of tokens to exchanges, which increased available supply and selling pressure. The 90-day Spot Taker CVD remained seller-dominant, confirming that sell orders consistently exceeded aggressive buy orders. The Relative Strength Index (RSI) dropped to 49.28, slipping below the neutral 50 threshold, while the Parabolic SAR printed above price at 1.3535, confirming bearish trend control in the near term.

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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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